Reuters logo
Revenues rise at Zoopla as traffic hits record high
May 24, 2017 / 6:22 AM / in 6 months

Revenues rise at Zoopla as traffic hits record high

LONDON, May 24 (Reuters) - British property group ZPG plc , which owns property websites Zoopla and PrimeLocation, posted a 22 percent rise in half-year revenue as traffic to its sites hit a record high and the number of agents signed up to its platforms rose.

Revenue hit 117.9 million pounds in the six months to the end of March.

But half-year profits fell 25 percent due to the acquisition of market intelligence tool HomeTrack, which took place at the start of the year.

Full-year pre-tax profit is expected to rise 9 percent to 50 million pounds ($65 million) in the year to the end of September according to a Thomson Reuters poll of nine analysts.

The firm said traffic to its sites hit a record high of 314 million visits in the period and agents rose 6 percent to 14,271 branches, as the portal wins back agents from rival OnTheMarket.

$1 = 0.7714 pounds Reporting by Costas Pitas; editing by Kate Holton

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below