2nd Dec 2015 07:21
LONDON (Alliance News) - Zoopla Property Group PLC on Wednesday doubled its final dividend as its pretax profit and revenue both increased in the year to the end of September, while its agency membership has continued to grow despite a new challenger in the market.
The FTSE 250-listed online property portal said pretax profit for the year to the end of September rose 17% to GBP33.6 million, from GBP28.6 million, as revenue increased to GBP107.6 million from GBP80.2 million.
Th company will pay a final dividend of 2.5 pence per share, more than double the 1.1p it paid a year earlier, taking its total dividend payout to 3.5p. Zoopla, which listed in London in June 2014, only paid the 1.1p final dividend the previous year.
The group said it saw solid growth in its average revenue per advertiser over the course of the year and has seen continuous membership growth since May, as it weathered the challenge of OnTheMarket, a new property portal which is seeking to upset the dominance of Zoopla and rival Rightmove PLC.
Zoopla also has seen a strong performance for all verticals in the uSwitch price comparison business since it acquired the company.
Zoopla said it is confident it will continue to grow its agency membership numbers and ARPA in the new year, and said it has seen very strong trading for its comparison services division since the end of the financial year in September, particularly driven by a rise in energy customers switching providers.
By Sam Unsted; [email protected]; @SamUAtAlliance
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