Moneysupermarket.com reports 30% revenue rise

Moneysupermarket.com has reported a 30% rise in group revenues during Q1 2008 in an interim management statement.

The price comparison site says its growth rate has stayed in line with the board’s expectations.

It reports the 30% rise despite profits on its mortgage channel staying flat.

Its insurance revenue has risen by 50% while revenue on its home services is up by more than 100% compared to Q1 2007.

The number of visitors to the site has increased – pushing forward its credit card and savings channels.

The group’s interim statement says: “The intermediary business has performed in line with expectations with revenues marginally down on the same period last year, impacted in part by the turbulent credit markets.”