iSelect Limited provided earnings guidance for the year ended June 30, 2014. The company announced a downward revaluation of its trail commission receivable balance in the range of AUD 16 million to AUD 20 million which represents a one off after-tax profit impact of AUD 11 million to AUD 14 million in the financial year 2014, subject to final third-party audit. iSelect expects however that its operating revenue and EBITDA (excluding trail book revaluation adjustment and one off costs) will be more than 14% and 10% higher than prior year, respectively.

Furthermore, iSelect expects its operating cash conversion to improve significantly from 17% to in excess of 38% for the full year ended June 30, 2014, and the company's trail commission revenue as a proportion of total revenue to continue to fall to less than 28%.