BGL reports 16% growth in profit

Aleksandr Orlov Compare the Meerkat

BGL Group has reported pre-tax profits of £72m for the year end June 2011, a year-on-year growth of 16%.

The broker put much of the growth down to the performance of Comparethemarket.com and Junction’s renewal of the M&S contract for a further five years and a contract extension with RACi.

BGL Group chief executive Peter Winslow said: “I’m pleased that 2010/11 was once again a successful year of trading for our group, and saw us deliver continued profit growth. Our programme of financial investment and business development continues as part of our strategy to take the company to the next level.

“We

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