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Moneysupermarket.com reports £7.6m pre-tax profit

Moneysupermarket.com Group generated £9.4m in pre-tax profit last year.

It is based on the period between June 22 – when the group floated on the London Stock Exchange – and December 31 2007 and includes a £1.8m tax credit.

The results were revealed in the group’s financial results statement published last week, which included pro forma figures to show what the results would have been for the full year pre-floatation.

The pro forma results show a 55.9% increase in revenues, from £104.5m in 2006 to £162.9m last year. They also reveal that visitors to the group’s websites increased by 54% to 91 million.

Meanwhile, transactions on the websites increased by 52.4% to 58.2 million.

Simon Nixon, chief executive officer of Moneysupermarket.com, says: “I am delighted to be announcing a strong set of results for the group in a year when we have floated the business and grown revenues by more than 55%.

“Importantly, our investment in the Moneysupermarket.com brand has continued, as has investment in our consumer offering and marketing engine. I believe we have a very strong platform from which to grow the business in the future.”

He adds: “Given current trading and the ongoing investment programme, we are confident that we can have another successful year.”


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