PropertyGuru Group Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023 at 04:02 pm
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PropertyGuru Group Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SGD 36.88 million compared to SGD 33.03 million a year ago. Net loss was SGD 6.46 million compared to net income of SGD 3.82 million a year ago. Basic loss per share from continuing operations was SGD 0.04 compared to basic earnings per share from continuing operations of SGD 0.02 a year ago. Diluted loss per share from continuing operations was SGD 0.04 compared to diluted earnings per share from continuing operations of SGD 0.02 a year ago.
For the six months, sales was SGD 69.51 million compared to SGD 61.26 million a year ago. Net loss was SGD 16.68 million compared to SGD 116.53 million a year ago. Basic loss per share from continuing operations was SGD 0.1 compared to SGD 0.79 a year ago. Diluted loss per share from continuing operations was SGD 0.1 compared to SGD 0.79 a year ago.
PropertyGuru Group Limited is a property technology company. The Companyâs platforms provide online property listings to match buyers, sellers, tenants and landlords; digital and marketing services for developers; a digital mortgage marketplace and brokerage; a data services business for enterprise clients including property agencies, developers, valuers and banks; sales process and workflow automation software for developers; and an online marketplace that connects homeowners and tenants with verified home service providers. Its segments include Singapore, Vietnam, Malaysia and Other Asia (collectively, Marketplaces segments), and Fintech and data services. The Marketplaces segments consist of core listing marketplace for agents and developer marketing solutions business. The Fintech and Data segment consists of the digital mortgage marketplace business, PropertyGuru Finance, where commission is earned from financial institutions on each mortgage brokered and from insurance providers.