26th Feb 2016 07:45
LONDON (Alliance News) - Online property portal Rightmove PLC said Friday its pretax profit was lifted in 2015 by higher revenue, driven by a strong audience growth and an increase in its average revenue per advertiser.
The FTSE 250-listed company said its pretax profit was up 16% to GBP144.3 million in the year to the end of December, from GBP124.6 million in 2014, boosted by the increase in revenue to GBP192.1 million from GBP167.0 million, 15% higher.
Rightmove said traffic to its website grew 14% in the year to 17.50 billion page views, up from 15.40 billion the previous year, while its average revenue per advertiser increased by 10% to GBP754 per month. It said it had 77% market share of the top four UK property portals by time spent in 2015, up from 74% in 2014.
The company hiked its final dividend to 27.00 pence per share from 22.00p, 23% higher, bringing its total dividend to 43p per share from 35p in 2014.
"Our property stock advantage coupled with our brand strength and innovation have substantially increased our audience size and engagement this year. We attracted 200 million more visits in 2015 as more people came to search and research the only place with a million properties for sale and to rent in the UK," said Chief Executive Nick McKittrick.
"We continue to break records at the start of 2016 having already generated over 9 million leads for our customers," McKittrick added.
By Hannah Boland; [email protected]; @Hannaheboland
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