Moneysupermarket revenue up 22% to £387m

Chester-based price comparison website Group Plc said its revenue increased 22% to £387.6 million and profit before tax rose 21% to £85.2 million for the year ended December 31, 2022.

Dividend was left unchanged at 11.71p per share as the company paid out £62.8 million.

“The board will continue to keep under review the scope for resumed dividend growth and thereafter, when we have significant surplus capital and there are no material short-term organic or acquisitive growth opportunities available, we will again consider returning surplus funds to shareholders through a ‘special distribution’, in accordance with our capital allocation policy,” said the firm.

Moneysupermarket Group CEO Peter Duffy said: ”I’m pleased to report a strong return to revenue and profit growth as we build strategic momentum.

“The progress we’ve made gives us the foundation for more product innovation which, amid a tough macroeconomic climate, will help households find even more ways to save with our portfolio of trusted brands.”