Updated 3:30pm 19 July 2012

Moneysupermarket.com in encouraging trading update

PRICE comparison site Moneysupermarket.com said group trading in the second quarter “remained good” today and expects its results to be in line with expectations.

In a trading update covering the six months to June 30 today the firm, based in Ewloe near Chester, said trading was against “a strong comparator period” which included the sponsorship of Britain’s Got Talent.

It said half year revenues should be in the region of £102m, and adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) to be about £28.5m, approximately 15% and 24% ahead of the same period last year, respectively.

Today’s update also said that the group’s financial position remains strong and by the end of June this year its cash balances stood at £36.7m.

Share