Operating profit down 5.2% down at Gocompare for 2016

UK finance

Comparison site Gocompare saw a 5.2% reduction in its operating profit for the year ended 31 December 2016 to £21.9m (2015: £23.1m).

However, adjusted operating profit was £30m (£23.1m) up 30%, excluding the costs incurred in relation to its November demerger from insurer Esure, the company said.

Revenue grew by 20% to £142.1m (2015: £119m), GoComapre.com revealed.

Gocompare's chief executive, Matthew Crummack, said: "2016 was a transformational year in which we completed the demerger of

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