Costs, including staff costs and interest expenses, were pretty stable. The biggest jump in costs was in legal and professional services and the strategic review contributed $4.997 million in 2QFY2024, and $5.468 million in 1HFY2024, to this cost.
PropertyGuru Group more than doubled its net loss to $16.1 million in 2QFY2024, for the three months to end-June, from just $6.5 million for the same period a year ago.
In 1HFY2024, for the six months to end-June, net loss expanded by 34% y-o-y to $22.4 million. However, revenue rose by 10.3% to $40.7 million in 2QFY2024, and by 11.1% to $77.2 million in 1HFY2024.
