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14 July, 2006 - 14:49 By Staff Reporter

Rightmove board confident

The board of Milton Keynes-based Rightmove, the UK’s leading property website, has said it is confident that both revenue and profit before tax for the full year will exceed the top end of the range of analysts’ estimates.The board of Milton Keynes-based Rightmove, the UK’s leading property website, has said it is confident that both revenue and profit before tax for the full year will exceed the top end of the range of analysts’ estimates.

The statement came in a trading update ahead of its results for the half year ended 30 June 2006 and prompted a 11.5 pence – 3.08 per cent – rise in its share price to 385 pence.

Analysts’ estimates for profit before tax, excluding HIPs development costs, flotation expenses and share option (IFRS 2) charges are in a range from £16.1m to £16.4m.

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