Rightmove optimistic about its full year prospects
Rightmove PLC

British property Website, Rightmove PLC said on Friday that it was optimistic about its full year prospects as it has started seeing signs of life in the UK housing market, indicating economy is in the early stages of revival.

Rightmove's pre-tax profit dropped 8% during the first 6-month period of 2009 but the company said visits to the property search website were on the increase. The website recorded an increase of 3% in the home buyers' traffic.

Rightmove has reported a fall of 4% in underlying operating profit to £19.9 million for the 6-month period ended June 30.

However, as per Rightmove's figures the number of advertisers has started to pick up since the start of the year.

Average spend per advertiser was up 1% from previous year at £305 per month.

Rightmove is not sure whether its full year results would match previous year's £41 million earnings or not but it is sure enough that it would be able to beat analysts' projections.

Interim dividend is maintained at 3 pence per share by the company.

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