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Birmingham Post
Birmingham Post
Technology
Owen Hughes

Price comparison giant Moneysupermarket sees revenue and profit fall

Price comparison giant Moneysupermarket saw revenue and profit fall last year.

The Flintshire-headquartered firm has been impacted by the Covid-19 pandemic - with the travel insurance sector badly hit.

But chief executive Peter Duffy said the business remains "resilient".

The company reported a group revenue of £344.9m for the year to 31 December 2020, down from £388.4m 12 months earlier.

Profit after tax was £69.3m - down from £94.9m in 2019.

Full year dividend maintained at 11.71p.

Peter Duffy, CEO of Moneysupermarket Group, said: “We have again helped millions of UK households save on their bills, while providing indispensable financial advice throughout the COVID-19 pandemic.

“The business is resilient, and our dividend reflects our confidence for the future.

“Our job now is to encourage consumers to engage with us more and save on more of their bills. We will use our data better so consumers find our sites easier to use and are reminded when there are savings available to them.”

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