One the UKs leading price comparison companies Moneysupermarket has reported a return to profit.
The Flintshire-based firm declared a solid trading performance with revenue up 9% on the prior year, which went to £388.4m from £355.6m. The adjusted EBITDA figure also saw a change of 9%, at £141.5m in 2019 from £129.4m in 2018.
The group said that the return to growth followed a year of investment and its diverse portfolio of comparison services balanced some mixed market conditions.
The Moneysupermarket final report said: "The attractions of our business model remain strong, we offer a low cost route to market for our providers, we help consumers save meaningfully across a number of bills and we are pleased to have delivered good returns to our shareholders - paying £100m in dividends in 2019."
The company also said it has more than 600,000 Moneysupermarket customers using monitoring services, and says it is seeing higher customer engagement and value uplifts from these customers.
Last year was declared a standout year for MoneySavingExpert (MSE) by the firm, saying MSE "is shown to be the voice of authority for those seeking help navigating their finances and in areas such as energy and travel".
Mark Lewis, chief executive officer of Moneysupermarket Group, said: "It's good to report the Group returned to profit growth and once again helped UK households save over £2bn on their bills.
"Innovation will continue in 2020 as MoneySavingExpert, the most trusted brand for finding energy deals, launches a new energy autoswitching service."
Mr Lewis announced he was leaving the firm, staying in post until his successor is found.
