18th Apr 2018 10:03
LONDON (Alliance News) - Moneysupermarket.com Group PLC said Wednesday revenue for the quarter ended March was up 4% year-on-year, driven by its Home Services arm.
Revenue for the first quarter of 2018 was GBP88.3 million, up from GBP85.0 million the previous year. The biggest performance driver was the Home Services division which posted a 15% jump to GBP11.5 million from GBP10.0 million.
The price comparison website remains "confident of meeting current market expectations".
CEO Mark Lewis said: "Trading is on track in this year of transformation as we reinvent the business to help people save more money. We are expanding our product engineering hub in Manchester to improve the customer journeys on our sites and plan to unlock future growth with the agreement to acquire Decision Tech - a leader in home communications price comparison and white label B2B comparison services."
Shares in Moneysupermarket are up 3.6% Wednesday morning to 293.00 pence each.
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