PropertyGuru Group (PGRU) has released an update.
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PropertyGuru Group reports a solid second quarter in 2024 with a 10% revenue increase to S$41 million and a significant 48% growth in Adjusted EBITDA to S$7 million, compared to the same quarter the previous year. The company’s improved performance is attributed to market recovery in Vietnam and strong results in other key regions like Singapore and Malaysia. Despite a net loss of S$16 million, PropertyGuru’s cash position remains strong at S$309 million, underscoring its resilience in a dynamic market.
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