Singapore’s PropertyGuru posts net loss for third quarter


Private homes in the River Valley/Orchard area in Singapore. Returning Singaporeans and expatriates have driven rental demand in Singapore, according to PropertyGuru’s CFO.

Lauryn Ishak | Bloomberg | Getty Images

Singapore-based online property portal PropertyGuru posted a net loss of S$7.4 million ($5.3 million) for the quarter ended Sept. 30 — down from last quarter’s net profit of S$3.8 million.

But that’s still lower than the net loss of S$9.6 million in the same period a year ago, and third quarter revenue grew by 47% year on year.

Meanwhile, adjusted EBITDA for the third quarter improved to positive S$5.7 million, up from an adjusted EBITDA loss of S$1.5 million in the same period a…

Source cnbc.com

0 0 votes
Article Rating

Zoom (ZM) earnings Q3 2023

Previous article

Best Buy (BBY) earnings Q3 2023

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings