29th Jul 2015 07:14
LONDON (Alliance News) - Online property portal Rightmove PLC on Wednesday said its pretax profit for the first half of 2015 was higher on the back of a strong rise in revenue and good growth in its average revenue per advertiser in the period.
The FTSE 250-listed company said its pretax profit for the six months to the end of June was GBP66.6 million, up from GBP58.8 million a year earlier, as its revenue rose to GBP93.1 million from GBP80.4 million, a 16% rise.
The company said its average revenue per advertiser rose by 10% in the period, up to GBP740 per month by the end of the period, from GBP671 a year earlier. Agency and new homes customers rose by 1% in the half, up to 19,950, compared to the start of the year, while UK residential property listings on the site rose by 10%.
Rightmove's share of traffic to the top four UK property websites increased to 82% in the half, up from 77% a year earlier, with visits rising 17% and page views up 13%.
Rightmove said it will pay an interim dividend of 16 pence per share, up 23% from the 13 pence per share it paid a year earlier.
Rightmove shares were up 6.2% to 3,599.00 pence just after the open on Wednesday, the best performer in the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
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