PropertyGuru reports net loss of $11.8 mil, sees 7.2% lower revenue of $82.1 mil for FY2020

For the FY2020 ended December, real estate portal PropertyGuru has reported a net loss of $11.8 million, from a net loss of $39.8 million in the FY2019.

The company also saw revenue of $82.1 million during the FY2020, 7.2% lower than FY2019’s revenue of $88.4 million, and significantly below the $105 million projected in its 2019 prospectus from its aborted IPO attempt on the Australian Stock Exchange.