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FTSE 250 price comparison firm Moneysupermarket.com (LON:MONY) has upped its revenues for the quarter ended 31st March by 19%, fuelled by improvement in the home services division and the recently acquired Decision Technologies. Performance in the firm’s core insurance market was more sluggish, only rising by 3%.
CEO Mark Lewis commented: “The reinvent strategy continues with a strong first quarter of trading, notably helping a record number of customers beat the rising energy price cap. MoneySuperMarket innovation continues, we have new branding and advertising to remind everyone how we can help them with their finances and ‘get money calm’ and new products like Credit Monitor are on the site“.
Moneysupermarket.com shares rose by 5.48% to 367.50p (as of 15:00 BST).