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Interim Results

Rightmove lifts divi as profits rise

28 July 2017 07:48

Rightmove's (RMW) pre-tax profit rose 8.7% to £87.5m in the first half on the back of an 11% increase in revenue to £119.5m.

The property site said agency and new homes customers have increased by 1% since the start of the year, while visits to the website have risen by 3% to 131.8 million per month since a year ago.

The average revenue per advertiser increased 10% to £911 per month.

Rightmove said trading in July has been in line with the first half.

"The visibility provided by our subscription model coupled with the value provided by our products and the strength of the Rightmove brand and traffic give the board confidence in delivering its expectations for the current year," it said.

The interim dividend was lifted by 16% to 22p per share.

Story provided by StockMarketWire.com

Related Company: RMV

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