 jumped over 5 percent on Tuesday, after announcing a 4 percent rise in revenue in the six months to the end of June.){kind=link}
Shares in comparison service GoCompare (LON:GOCO) jumped over 5 percent on Tuesday, after announcing a 4 percent rise in revenue in the six months to the end of June.
Revenue hit £75.8 million in the second half of the year, up by 4 percent on the first half. Adjusted operating profit rose by 22 percent, hitting £17.5 million.
Matthew Crummack, Chief Executive Officer of Gocompare.com, said the company had made “strong progress in delivering improvements”.
“Positive momentum in trading performance…will accelerate through the year and we are delighted with the 22 percent increase in adjusted operating profit delivered in H1.
“As well as progressing the core business we have continued to develop our strategy and our investment in Mortgage Gym is an exciting opportunity to work with an innovative business that is well aligned to our mission of helping people everywhere save time and money.
“We are well positioned for the remainder of 2017 and the Board remains confident of the outlook for the full year.”
The group made a number of strategic moves during the year, completing an agreement with Haymarket Media Group to expand the targeted comparison services within its car media franchises. GoCompare also took a minority stake in mortgage robo-advisor Mortgage Gym, which is launching a new platform in September 2017.
Shares in Gocompare are currently trading up 4.82 percent on the news, at 108.75 (0954GMT).