Half Year Results 

GoCo dented by costly expansion

GoCo dented by costly expansion

Fresh off rebranding, GoCo Group’s (GOCO) expansion beyond its core GoCompare price comparison business continued during the first half, but this weighed on earnings – adjusted operating profit plummeted by 40 per cent to £12.5m. This came on the back of an £8.1m investment in growing the group’s existing 'weflip' proposition and the acquisition of 'Look After My Bills', the latter an attempt to expand in the relatively unexplored automated switching market. 

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