Insurance comparison website, iSelect,
(ASX:ISU) has seen its attributable profit slump to $500,0000 in the six months to December from $2.6 million in the first half of 2017.
Despite this, the company says its balance sheet remains strong with no debt and over $34 million in cash.
Meantime its revenue strengthened in the half-year, rising 7 per cent to $83.3 million driven by an increase in customer leads and conversion rates.
Its earnings before interest and tax (EBIT) sank 89 per cent to $308 million.
The company declared an interim or half year dividend of 1.5 cents per share for the first half of this financial year.
Shares in iSelect
(ASX:ISU) are trading 5.7 per cent higher to $1.30.
