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Moneysupermarket beats market turmoil

Feb 26 2008 Aled Blake, Western Mail

Price comparison website Moneysupermarket.com today said it had traded strongly through last year’s volatile credit markets.

Unveiling its first annual results as a public company, the website operator posted underlying earnings of £52.9m for 2007 exceeding forecasts of £51.3m.

The service, which covers the money, insurance and travel sectors, said revenues from its main money arm were up nearly 50% to £78m despite “well documented turbulence in credit markets”. Total sales for the Flintshire-based company were £162.9m.

* Read more in tomorrow's Western Mail.

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