UPDATE 2-Rightmove confident on year, shares rise
By : * H1 adjusted operating profit down 4 pct
Date posted :2009-08-21 05:06:00
* Says size of estate agent customer base stabilised
* Shares up 13.2 pct (Adds executive comments, analyst reaction, shares)
By Paul Sandle
LONDON, Aug 21 (Reuters) - Rightmove (RMV.L), Britain's most popular property website, said it was confident about its full-year prospects after a stabilisation in its estate-agent customer base in the first half, boosting its shares 13.2 percent.
The company said the property market was starting to revive, and while the group would not quite match 2008's underlying operating profit of 41.0 million pounds ($67.7 million) in 2009, it would exceed market expectations.
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