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Feb. 20, 2020, 3:20 a.m. EST returns to profit growth

By Jaime Llinares Taboada Group PLC on Thursday posted a higher profit for 2019, supported by revenue growth and reduced margin pressures.

The price-comparison website's net profit returned to growth, rising to 94.9 million pounds ($123.1 million) for the year from GBP86.6 million in 2018.

Revenue rose 9% to GBP388.4 million, with growth across the insurance and home services divisions offsetting a slight decline in the money business. Adjusted earnings before interest, taxes, depreciation and amortization increased 9% to GBP141.5 million, in line with expectations.

The board recommended a final dividend of 8.61 pence a share, taking the full-year dividend to 11.71 pence--up from 11.05 pence over 2018.

Write to Jaime Llinares Taboada at; @JaimeLlinaresT

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