iSelect revenue wobbly
iSelect is earning higher margins from the sales leads it produces for banks and utilities, but is making less from health insurance, with this starting just weeks before the end of its financial year.Revenue for the year to June 2013 was A$118 million, three per cent less than the company's prospectus forecasted. The net profit was $13.4 million, which was in line with the forecast.iSelect said it was "too early to form a view" whether weaker revenue in May and June (due to lower value health insurance leads) will continue.It said it generated 1.7 million leads from its money comparison service, mainly through the Infochoice brand.iSelect said "average revenue per click through" for this segment was only $5.It said it was experiencing increased traffic from tablet computers and smartphones, which will extend sales opportunities.