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Moneysupermarket.com's insurance growth keeps it on track

Tue, 01st Nov 2016 07:28

LONDON, Nov 1 (Reuters) - Price comparison siteMoneysupermarket.com said growth in sales of insurancehelped third-quarter revenue for the group rise 12 percent to84.9 million pounds ($104 million), giving it confidence in itsoutcome for the year.

The company said growth in energy contract sales, which wereboosted by a campaign by its website MoneySavingExpert, as wellas insurance countered a flat result in its money division,where low interest rates depressed savings switching.

It said on Tuesday it was confident of meeting full-yearexpectations.

Analysts expect the group to make adjusted operating profitof 105.9 million pounds, according to a consensus on itswebsite.($1 = 0.8179 pounds) (Reporting by Paul Sandle, editing by James Davey)

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