27th Feb 2015 07:52
LONDON (Alliance News) - Rightmove PLC on Friday said its pretax profit was lifted in 2014 by higher revenue, driven by a growth in website traffic and an increase in its average revenue per advertiser.
The FTSE 250-listed online property portal said its pretax profit rose to GBP122 million from GBP97 million in the year to the end of December, boosted by an increase in revenue to GBP167 million from GBP139.9 million.
The group said traffic to its website grew 10% in the year to 15.4 billion page views, up from 14 billion a year ago, while its average revenue per advertiser increased by 13% to GBP684 per month, driven by customers spending more on its additional advertising products.
The group hiked its final dividend to 22 pence per share from 17 pence, bringing its total dividend to 35 pence per share from 28 pence in 2013.
"Rightmove's popularity with the British home moving public has gone from strength to strength as more home movers visited more often and spent more time on Rightmove than ever in 2014. The trend continues with a record 100 million visits and 1.5 billion pages of property viewed in January as more home movers visit the only place with one million properties in the UK," said Rightmove Chief Executive Officer Nick McKittrick.
By Sam Unsted; [email protected]; @SamUAtAlliance
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