Moneysupermarket (MONY) have released a statement saying that revenue is down 15% below year-earlier levels. This was expected news and the company has done well to keep the market informed.
The results are in line with the Board’s expectations with other figures including an increase of insurance revenues. These were 5% ahead of third-quarter 2008 figures, driven largely by increasing media spend and higher visitor numbers. EBITDA was approximately 5% of the first-half run rate, again due to increase media advertising.
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Great blog http://www.insiders-view.co.uk/ its really interesting many thanks
Keep the news coming. It shows that companies with deep pockets will survie the recession
Thanks for this. 15% that’s quite a lot ain’t it?
No 15% isnt a lot, a site that Big will be easily effected by real world changes such as the recession, interest rates changing etc.
I think for the year we have had 15% is remarkable!! Bloomin MS they really are the Kings .. ###
Pete