Comparison Site's Profits Down 80%

Western MailAugust 05, 2009

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Summary


THE impact of the recession continued to hit Welsh business yesterday with price comparison giant Moneysupermarket. com reporting a profit dip of more than 80%.

Flintshire-headquartered Moneysupermarket.com announced a special dividend for shareholders worth pounds 25m or 4.93p per ordinary share as it moved to underline its "confidence in the ability of the business to continue to generate cash".

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Extract


Comparison Site's Profits Down 80%

But shares in the company continued to fall after it announced that pre-tax profit...

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