PropertyGuru bounces back to profit with $3.8m net income in Q2 22

This is compared to a net loss of $139.8m a year ago.

Property tech firm, PropertyGuru Group Limited, recorded a net income of $3.8m in the second quarter (Q2) of 2022, a reversal from a net loss of $139.8m in the same period last year. 

Its total revenue went up by 44% to $33m in Q2 2022 compared to a year earlier whilst its total revenue for the first half of this year was at $61.3m.

READ MORE: Property Guru lists on the NYSE

PropertyGuru CEO and Managing Director Hari Krishnan attributed the improvement in its profit to higher customer value proposition and enhanced customer experience.

“Going forward, we expect to capitalise on both organic and inorganic opportunities to further expand our world-class solutions to customers. Even with our growing business strength, we remain vigilant around potential market challenges from rising inflation and interest rates and other global macro headwinds,” added Krishnan.

Joe Dische, chief financial officer of PropertyGuru, said their growth was balanced across all their segments.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!