Newport-based Gocompare.com has revealed its revenue was up four per cent to £75.8m for the six months to June 30, 2017.
The increase was compared to the same period in 2016.
In a post-close trading update for H1 2017, the adjusted operating profit is expected to be approximately £17.5m, which represents growth of 22 per cent compared to H1 2016, driven primarily by an improvement in marketing margin. 
Cash generation continues to be strong, with leverage reducing to 1.5x compared to 1.7x at December 31, 2016 and 2.8x at the time of the demerger.
During June, the group completed an agreement with Haymarket Media Group Ltd to expand its targeted comparison services within their car media franchises. The group has also made its first strategic investment with a minority stake in Mortgage Gym Limited, a digital mortgage robo-adviser, which plans to launch its new platform in September 2017.
Matthew Crummack, chief executive officer of Gocompare.com, said: “We have made strong progress in delivering improvements to our core business following organisational and operational transformations early in the year. 
“This created positive momentum in trading performance, which, as anticipated, will accelerate through the year and we are delighted with the 22 per cent increase in adjusted operating profit delivered in H1.
“The new executive team has delivered significant improvements in speed and capacity in the last six months, notably in the technology and product functions. I am particularly pleased with the integration and performance of our existing talent, alongside new talent recruited in Newport.
“As well as progressing the core business we have continued to develop our strategy and our investment in Mortgage Gym is an exciting opportunity to work with an innovative business that is well aligned to our mission of helping people everywhere save time and money.
“We are well positioned for the remainder of 2017 and the board remains confident of the outlook for the full year.”
Interim results for the period ended June 30, 2017 will be announced on August 1, 2017.