iSelect has reported a 27% rise in half-year net profit to $5.4 million, driven by favourable market conditions and diversification of its income stream.

The comparison website’s revenue grew 18% to $65.6 million in the six months to December 31, and trail commissions fell 7% to $14.4 million.

CEO Alex Stevens says the company has enjoyed continued earnings growth – especially from the energy business – and is on track to hit full-year targets. Net profit is expected to grow 10-12% this financial year.

Combined health and car insurance revenue grew 2% to $40.8 million in the half-year.

“Our newer business units continued to grow strongly, demonstrating application of the iSelect model beyond health insurance and adding important diversification beyond our income streams,” Mr Stevens said.

iSelect compares more than 12,500 insurance, energy, personal finance and broadband products from 85 partner providers.