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DIRECTOR DEALINGS: Gocompare Non-Executive Director Steel Lifts Stake

Thu, 28th Feb 2019 18:36

LONDON (Alliance News) - Gocompare.com Group PLC said Non-Executive Director Ashley Steel bought 7,601 shares at a price of 65.77 pence per share on Thursday.

Following this GBP5,000 transaction, Steel now holds 46,270 shares in the price comparison website.

Gocompare on Thursday reported a "strong" annual financial performance, though customer interactions and savings have fallen. Pretax profit for 2018 rose to GBP33.8 million from GBP30.7 million, as revenue inched up 2.3% to GBP152.6 million.

The company's price comparison marketing margin was 46.4% at the end of 2018, up from 40.5% a year before. However, customer savings fell 14% to GBP1.03 billion, and customer interactions were down 16% on the year prior to 27.1 million.

The stock closed down 5.8% at 65.60p Thursday.

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