iSelect
(ASX:ISU) has reported a net loss after tax of $13.5 million for the 2018 financial year.
The Insurance comparison website’s revenue fell 2 per cent over the 2018 financial year to $181.4 million.
The company posted an earnings before interest tax, depreciation and amortization (EBITDA) loss of $5.5 million.
iSelect declared a final dividend of 2.5 cents fully franked.
The company says the statutory results reflect the impact of marketing and operational challenges in the second half which are now being rectified, as well as a $16.9 million write down of non-core asset, Infochoice.
Shares in iSelect
(ASX:ISU) is trading 4.88 per cent lower to 78 cents.
