Moneysupermarket revenue up 9% to £388m

Mark Lewis

Shares of Chester-based price comparison website Moneysupermarket.com soared 18% on Thursday after its results for the year ended December 31, 2019, showed revenue grew 9% to £388.4 million and profit after tax rose 10% to £94.9 million.

Dividend per share rose 6% to 11.71p.

Moneysupermarket.com said on Wednesday that its CEO Mark Lewis “has indicated to the board that he wishes to step down as chief executive and pursue his career in a new direction.”

Lewis said of the results: “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.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.