Rightmove increases its 2014 interim dividend by 18%

DividendMax Ltd.

Rightmove increases its 2014 interim dividend by 18%

Financial and Operational Highlights
for the six months ended 30 June 2014

·           Page impressions on Rightmove up 13% to 8.1bn (2013: 7.2bn)

·           Enquiries up 27% to a record 22.3m (2013: 17.5m)

·           Number of advertisers up 570 (+3%) this year to 18,995 (31 December 2013: 18,425)

·           Average revenue per advertiser up 13% to £671 per month (2013: £593)

·           Revenue up 20% to £80.4m (2013: £67.2m)

·           Underlying operating profit up 22% to £59.6m (2013: £49.0m)

·           Underlying operating margin of 74.1% (2013: 73.0%)

·           Underlying earnings per share up 24% to 47.5p (2013: 38.4p)

·           Basic earnings per share up 38% to 46.8p (2013: 34.0p)

·           Interim dividend increased by 2p to 13p (2013: 11p) per ordinary share, up 18%

·           £56.3m (2013: £37.4m) of cash returned to shareholders through dividends and share buybacks in the period

 

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