Price comparison website Moneysupermarket.com said it has made a good start to the second quarter as strength at its money and insurance division offset a weaker performance at its travel section.
Internet revenue increased 14% in the first quarter from a year earlier while core earnings climbed 12% as cash conscious consumers looked for competitive online deals.
Chief executive officer Peter Plumb said the group had made a good start to 2012. "We have seen solid growth in our Money and Insurance businesses as consumers continue to use us to make their money go further."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Revenue at its insurance division was up 13% with visitor numbers rising 9%. Revenue at its home services unit, used to compare utility prices, rose a touch.
Its travel section continued to struggle over the last year as consumers put off potential holiday deals on the website. Revenues and visitor numbers were both down 11% as consumers tighten their purse strings.
The group, which has started a new package holidays channel, said it was performing well.
Revenues at its money unit, which lets consumers compare banking products, surged 22% while visitor volumes jumped 20%.
Overall the group said it traded in line with company expectations during the year as consumers continue to hunt out better deals.
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published