Moneysupermarket.com increases its 2014 interim dividend by 7%

DividendMax Ltd.

Moneysupermarket.com increases its 2014 interim dividend by 7%

 

 

Financial highlights

Six Months Ended June 2014

Six Months Ended June 2013

Change

Group revenue

£122.4m

£112.3m

9%

Gross profit

£94.4m

£86.7m

9%

Adjusted EBITDA

£43.6m

£39.9m

9%

Statutory profit after tax

£21.0m

£15.1m

39%

Underlying profit after tax*

£17.1m

£14.9m

14%

Adjusted EPS

5.6p

5.2p

6%

(Net debt)/ net cash

(£21.0m)

£25.4m

n/a

Interim dividend for the period

2.31p

2.16p

7%

 

 

 

The capital investment programme in our technology and data asset is on track, with investment of £7.8m so far of a forecast £17m for the full year. 

 

 

Peter Plumb, MoneySuperMarket.com Chief Executive Officer, said:

 

 

"It's been a good first half of 2014, with good revenue growth in our MoneySuperMarket, MoneySavingExpert and TravelSupermarket brands.  Group revenue and profits were 9% higher than the first half of 2013.

 

 

 

"Helping customers with new ways to save money and select the products they need means we have to invest in our business.  And that's just what we're doing, spending £17m this year to enhance our site for customers, whether they choose to use mobiles, tablets or desktop PCs to compare prices, features and products."

 

 

Companies mentioned