PropertyGuru backs FY24 revenue view S$165M-S$180M

The company said, “The Company reaffirms its full year 2024 revenue outlook of between S$165 million and S$180 million and Adjusted EBITDA outlook of between S$22 million and S$26 million. The following near-term factors may impact the Company’s operations in 2024: further delays in the recovery of Vietnam’s property market due to consumer sentiment and access to credit; weaker than expected economic conditions in Malaysia; and additional fiscal policy measures that the Singapore government may implement. Longer-term, the Company remains bullish on its growth trajectory, prospects for improving profitability, and the fundamental opportunity that exists in our core markets.”