Gocompare profits swell by a fifth after 'disciplined' year
ANNUAL profits at price comparison site Gocompare grew by a fifth, it was announced yesterday.
Insurance grandee and Gocompare founder Sir Peter Wood said 2017 marked a "disciplined approach" to growth.
Revenue was 5.1 per cent higher at £149.2m. Adjusted operating profit grew 20 per cent to £36m.
Hargreaves Lansdown equity analyst Nicholas Hyatt said: "The group's prodigious cash flow has seen leverage tumble despite the group embarking on a programme of strategic investment...