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Moneysupermarket Group reports ‘solid’ trading performance

Moneysupermarket Group reports ‘solid’ trading performance | Insurance Business

Moneysupermarket Group reports ‘solid’ trading performance

Mark Lewis may have already signified his intention to leave Moneysupermarket Group but, as he remains the chief executive of the price comparison enterprise until a replacement is appointed, the CEO carries on with his usual tasks including presenting the firm’s preliminary results for the year ended December 31.

Here are Moneysupermarket Group’s “solid trading performance” numbers for 2019:

  • Profit after tax – £94.9 million, up 10% from 2018
  • Group revenue – £388.4 million, up 9%
  • Dividend per share – 11.71p, up 6%

Read more: CEO of Moneysupermarket Group Plc quits

The biggest chunk of the company’s revenue came from its insurance operations, at £188.4 million. Money came in second, with £86 million in revenue; home services, £68.6 million; and other, £45.4 million. All units, except for money, posted positive changes compared to the previous full-year period.   

“It’s good to report the group returned to profit growth and once again helped UK households save over £2 billion on their bills,” stated Lewis. “Innovation will continue in 2020 as MoneySavingExpert, the most trusted brand for finding energy deals, launches a new energy autoswitching service.”