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Moneysupermarket.com reports £3.18m profit

Moneysupermarket.com, the parent of lead generation firm Paaleads.com has reported a pre-tax profit of £3.18m, compared to pre-tax loss of £51.01m in 2008.

The site says it strong results mean it is offering a special dividend of £25m or 4.91p per share, its full-year dividend stands at  £67.8m or 13.34p, compared to 3.5p in 2008.

The group’s results show revenue was down to £136.9m from £178.8m in 2008,

While visitors to the group’s website remained flat at 120m. Excluding travelsupermarket.com visitors increased 9%.

Market, brand and visitor numbers achieved on marketing expenditure 22% lower than in 2008.

Gerald Corbett, chairman of Moneysupermarket.com, says: “Whilst 2009 was a tough year for the group, it is a measure of the resilience of the business that it was able to maintain its dividend at 2008 levels and declare two special dividends totaling £50m giving a total dividend for the year of £68m.

“Since taking over as chief executive officer in February 2009, Peter Plumb has managed to cut costs whilst protecting the Group’s market leading position and investing in re-engineering the business to drive its next phase of growth.”

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