Moneysupermarket marketing and site investment contributes to earnings drop
Moneysupermarket this morning said investment in its new motor insurance site and subsequent marketing campaign have contributed to a predicted drop in profits in the first half of 2010.
It said EBITDA is expected to be in the region of £18m for the first half of 2010 (H1 2009: £18.6m) reflecting the higher levels of costs.
In a statement it said: "Revenues for the period are expected
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