Paul Doughty, the finance director of price comparison website moneysupermarket.com, has raised nearly £1m from a share sale.
Doughty sold 1.08m shares at 90.1p a share, which still leaves him with just over 1.8m shares, or 0.36% of the company. He raised £974,000 from the sale. Doughty has been on the board since April 2007.
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Revenue in 2010 grew 9% to £148.9m from £136.9m in 2009, with growth accelerating in the second half of the year. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 14% to £41.0m from £36.0m in 2009, while statutory profit before tax more than tripled to £11.0m from £3.2m the year before.
The Insurance price comparison business saw year-on-year revenue growth of 13% in the second half of the year, up from 10% in the first half, while the financial products (loans, credit cards etc.) business's growth rate quickened to 20% in the second half from 11% in the first half.
Second half revenue growth from home services (utilities) enquiries improved to 14% from 10% in the first half.
The travel (holidays and hotels) business remained ex-growth in 2010, but the 21% year-on-year decline in revenue seen in the first half had moderated to a 5% decline in the second, and the business has returned to growth in 2011, albeit against weak comparatives.
Top Director Buys
InternetQ (INTQ) Director name: Mr Michael JolliffeAmount purchased: 15,625 @ 120.00p Value: £18,750
InternetQ (INTQ) Director name: Mr Stuart CruickshankAmount purchased: 10,416 @ 120.00p Value: £12,499
InternetQ (INTQ) Director name: Mr Iain B JohnstonAmount purchased: 10,416 @ 120.00p Value: £12,499
Top Director Sells
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