PropertyGuru Group (PGRU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into PGRU stock, check out TipRanks’ Stock Analysis page.
