Moneysupermarket.Com Share News (MONY)

UK price comparison website firm, Moneysupermarket.com group, announced extensive revenue growth in a trading update on Wednesday.The update for the period from 1 July 2014 to date, incorporating trading performance to 30 September 2014, revealed an 18% increase in revenue for the three months to 30 September, along with a 10% increase in revenue for the nine months to 30 SeptemberThe revenue growth has been particularly expansive in both the Money and Home Services areas of the business.Home Services saw a 31% growth in revenue for the nine months to 30 September, following the launch of MoneySavingExpert's Cheap Energy Club and the continued consumer focus on energy prices. Whilst the firm's money services, including comparisons of credit products, especially credit cards and loans, increased 12% during the same period.The group's financial position remains strong, with net debt of £18.1m at 30 September.Peter Plumb, chief executive officer of MoneySuperMarket.com, commented: "This has been another good quarter with trading growth of +18%. In parallel with saving more people more money - we've helped 3.7m customers so far this year - the technology team has launched our pioneering new motor insurance site to a number of customers."We think this is easily the best way for customers to find the policy that best suits them - you can compare features, benefits and exclusions of policies as well as price. We'll be rolling out the new technology to more customers across our business channels in the months ahead."According to the company´s figures, the board remains confident that full year expectations will be met this year. However, the group does not expect to repeat the exceptional 2013 fourth quarter demand for energy switching which added £7m of revenue growth.As of 8:04am, the firm's share price increased 2.28% to 209.77p per share.