News Column Revenue, Profit Rise Accelerate In Second Quarter

July 11, 2014

Steve McGrath

LONDON (Alliance News) - Group PLC Friday said revenue and operating profit for the first half of 2014 rose by about 9% compared with the year-earlier period, as it had expected.

In a short trading statement, the price comparison website said revenue in the six months to June 30 is expected to be about GBP122 million, while adjusted earnings before interest, tax, depreciation and amortisation is also expected to be up 9% on the year.

Trading growth was a little stronger in the second quarter than the first quarter, it said.

In April, the company has said revenue in the first quarter was 8% up on the year and Ebitda was up 5% on the year.

In the first half of 2013, it had reported revenue of GBP112.3 million, up 10% from GBP102.2 million in the first half of 2012, while Ebitda excluding acquisition costs and VAT recovery, was GBP39.9 million, up from GBP31.0 million.

It added in its statement Friday that it has net debt of GBP21.0 million at the end of June.

The company is scheduled to put out its full half-year results on July 30.

Its shares were up 0.7% at 188.30 pence Friday morning.

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Source: Alliance News

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