Growth is set to slow, says financial site

Aug 28 2008 by Peter McCusker, The Journal

FINANCE comparison website moneysupermarket.com has reported higher earnings but warned revenues growth was likely to slow in the current half year.

The company said limited product availability in the loans and mortgage markets meant revenues from its money-based division were down by around 10% in the third quarter on a strong trading period a year earlier.

Trading in the quarter was mixed.

In the first half of the year, the company increased revenues by 27% to £99.4m and saw underlying earnings improve by 14% to £30.1m.

Visitors to the group’s websites increased by 39% to 62 million and transaction levels rose 37% to 39.6 million. Moneysupermarket operates under its flagship brands moneysupermarket.com and travelsupermarket.com, which allow consumers to compare prices for mortgages, loans, credit cards and package holidays.