Confused.com H1 profit falls by nearly half to £4.8m
Revenue also falls by 12% to £38.9m at the comparison website for the first six months of 2015.
Profit for the first six months of 2015 at Confused.com fell by nearly 50% to £4.8m compared with £9.1m for the corresponding period last year.
The company's revenue also fell by 12% to £38.9m for the six months to June this year set against £44.4m in 2014.
Results were impacted by limited overall growth in the price comparison market and investment in the current marketing campaign according to Confused.com.
Its parent company Admiral Group posted a 1% increase in half-year 2015 profit before tax to £186.1m (H1 2014: £184.9m).
Solid
Group turnover was up 2% to £1.05bn for the first half of this year compared to £1.03bn for the same period in 2014.
Chief executive officer Henry Engelhardt described the group results as a good start to a challenging year with profits up and customer numbers also up.
He added: ""The UK business turned in a very solid result helped by positive claims cost development, with modest growth accompanying price increases."
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