Profits stable at Confused.com
Admiral, owner of Confused.com, has revealed the comparison site increased total revenue by 7% to £43.2m (H1 2011: £40.4m) in the first six months of 2012.
The operating margin remained broadly flat at 20% resulting in a profit for Confused of £8.4m, up from £8.2m in the first half of 2012.
The parent company also stated that Confused had maintained its market share in its core care insurance comparison market.
The news came as Admiral declared record half‐year profit with group profits before tax 7% up at £171.8m (H1 2011: £160.6m). Turnover at the provider rose 6% to £1.17bn while the group combined operating ratio slipped to 95.2% (H1 2011: 94.2
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