Moneysupermarket.com posts upbeat H1 with strong demand for comparing services

(ShareCast News) - Moneysupermarket.com Group said its business grew during the first first half of the year driven by strong insurance and home services performances.Revenues rose 18% to £143.9m while pre-tax profits increased 43% to £37.8m, driving earnings per share up to 5.5p from 3.9p.The results were helped by strong demand for comparing credit cards and current accounts and by an increase in insurance premiums switching.However, the group said customer acquisition activity fell due to the eminent launch of its new website.Meanwhile, revenues in its MoneySavingExpert.com grew 30% thanks to the success of the collective switches and the energy club, it said.Chief executive Peter Plumb said: ''We helped three million families save on their household bills in the first six months of 2015."Revenues grew 18% while we put more into tech investment to make MoneySuperMarket and TravelSupermarket the easiest way for families to make their money go further."Shares rose 1.36% to 295.45p on Thursday at 08:52.