Meerkat boosts BGL profits
The BGL Group’s financial results for the year July 2009 to June 2010 have revealed an increase in pre tax profit to £62m (H1 2009: £54m) but profit growth dipped to 16% (H1 2009: 24%).
BGL's customer base has also grown to 3.5 million (H1 2009: 2.7 million)
Comparethemarket.com was cited as one of the group's financial highlights. It stated that the comparison site had outperformed its plans and experienced 70% growth against a market growth rate of 20%.
BGL group chief executive, Peter Winslow, said: "During the year our margins came under significant pressure, and with customers still driven to control spending, our challenge was to closely manage pricing and find new ways
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