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MoneySupermarket

Moneysupermarket.com reveals 10 per cent revenue increase for first half of 2013

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By Stephen Lepitak, -

July 31, 2013 | 2 min read

Moneysupermarket.com has revealed half year revenue growth of 10 per cent to £112.3m for this year.

The online price comparison site also saw its adjusted pre-tax profits increase by almost a third (29 per cent) to £39.9m, following a six month period that included the roll-out of its money vertical too.

Earlier in July, the company admitted that website visits had been impacted by changes to Google’s search algorithm but was beginning to settle.

Peter Plumb, MoneySupermarket.com Chief Executive Officer for Moneysupermarket, described the first six months as “good”.

"The benefits of our increasingly diversified business are evident. We grew our Insurance, Home Services and Travel businesses which more than offset lower demand in our Money business where savings revenues continue to be impacted by the Government's 'Funding for Lending' scheme which is reducing what savers earn on their deposits.

“MoneySavingExpert.com has proved a powerful addition to the MoneySupermarket team. It continues to prosper with the launch of the innovative Cheap Energy Club which has proved a hit because it helps consumers monitor and reduce their energy bills,” he added.

“That way we can save more people more money and continue to build our business. If you're on a tight budget MoneySupermarket.com is one of the easiest ways to make your pounds go further. So we're glad we are on course to help more people save more money in 2013.''

Looking forward for the year of the year, the company revealed that revenue in July looked flat against a strong month last year following a new advertising campaign launch, with this year’s campaign set to roll out in August.

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