MoneySuperMarket is giving a one-off £2,000 payment to half its workforce in September to help with the cost of living crisis.
The price-comparison website, headquartered in Flintshire, will give the bonus to its employees that earn £55,000 and below to assist with rising costs.
The news follows the publication of the firm’s interim results which saw its revenue grow by 19% in the six months ended 30 June 2022.
It’s group revenue is now at £193.2m, up from £162.3m in 2021. Profit after tax was at £33.7m – a 20% increase from £28m in 2021.
The company, which had 10.8m active users in the 12 months to 30 June, said first half performance results were ahead of expectations.
Travel and travel insurance had a stronger return to growth than expected, recovering with revenue reaching almost 60% of pre-pandemic levels.
It also reported exceptional trading in Q2 in money which was driven by attractive banking products.
However, these branches were offset by the closure of the energy switching market as a result of high energy costs in the cost of living crisis.
Chief executive Peter Duffy said: “As the cost-of-living crisis bites, we’re doing all we can to help the British consumer. We’ve performed well with strong profit growth despite some mixed end markets. At the same time we’re making strategic progress towards becoming a flexible tech-led savings platform, with all our core data now in Google Cloud Platform.”
In insurance, the car and home market remained high following the introduction of the FCA General Insurance Pricing regulations earlier this year, which meant market switching volumes were lower.
