PropertyGuru Reports Second Quarter 2024 Results
Revenue of
-
Total revenue grew 10% to
S$41 million in the second quarter of 2024, with growth fromVietnam as market conditions continue to improve -
Adjusted EBITDA grew to
S$7 million in the second quarter of 2024, up 48% fromS$5 million in the second quarter of 2023 - Adjusted EBITDA margin of 17% in the second quarter of 2024, up from 13% in the second quarter of 2023
Financial Highlights – Second Quarter 2024
-
Total revenue increased 10% year over year to
S$41 million in the second quarter. -
Marketplaces revenues increased 11% year over year to
S$39 million in the second quarter driven by improving conditions inMalaysia andVietnam combined with ongoing strength inSingapore . -
Revenue by segment:
-
Singapore Marketplaces revenue increased 16% year over year to
S$25 million , as the number of agents and the Average Revenue Per Agent (“ARPA”) grew in the quarter. Quarterly ARPA was up 17% in the second quarter toS$1,464 as compared to the prior year quarter and the number of agents inSingapore was up almost 500 to 16,577 from the second quarter of 2023. The renewal rate was 81% in the second quarter of 2024. -
Malaysia Marketplaces revenue increased 12% year over year to
S$7 million , as the Company continues to benefit from iProperty and PropertyGuru Malaysia’s combined market strength. -
Vietnam Marketplaces revenue increased 4% year over year to
S$5 million , as an increase in the number of listings was partially offset by a decrease in average revenue per listing (“ARPL”). The number of listings was up 17% to 1.5 million in the second quarter compared to the prior year quarter. ARPL wasS$3.46 , down 10% from the second quarter of 2023. -
Fintech & Data services revenue increased 3% year over year to
S$1.6 million .
-
Singapore Marketplaces revenue increased 16% year over year to
-
At quarter-end, cash and cash equivalents were
S$309 million .
Information regarding our operating segments is presented below.
|
|
For the Three Months Ended |
|
|||||||||
|
|
2024 |
|
|
2023 |
|
|
YoY Growth |
|
|||
|
|
(S$ in thousands except percentages) |
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|||
Revenue |
|
|
40,678 |
|
|
|
36,880 |
|
|
|
10.3 |
% |
Marketplaces |
|
|
39,125 |
|
|
|
35,368 |
|
|
|
10.6 |
% |
|
|
|
24,970 |
|
|
|
21,534 |
|
|
|
16.0 |
% |
|
|
|
5,257 |
|
|
|
5,074 |
|
|
|
3.6 |
% |
|
|
|
7,421 |
|
|
|
6,602 |
|
|
|
12.4 |
% |
Other |
|
|
1,477 |
|
|
|
2,158 |
|
|
|
-31.6 |
% |
Fintech and data services |
|
|
1,553 |
|
|
|
1,512 |
|
|
|
2.7 |
% |
Adjusted EBITDA |
|
|
6,817 |
|
|
|
4,611 |
|
|
|
|
|
Marketplaces |
|
|
25,335 |
|
|
|
20,775 |
|
|
|
|
|
|
|
|
19,801 |
|
|
|
16,560 |
|
|
|
|
|
|
|
|
756 |
|
|
|
848 |
|
|
|
|
|
|
|
|
5,062 |
|
|
|
3,966 |
|
|
|
|
|
Other |
|
|
(284 |
) |
|
|
(599 |
) |
|
|
|
|
Fintech and data services |
|
|
(2,881 |
) |
|
|
(2,657 |
) |
|
|
|
|
Corporate* |
|
|
(15,637 |
) |
|
|
(13,507 |
) |
|
|
|
|
Adjusted EBITDA Margin (%) |
|
|
16.8 |
% |
|
|
12.5 |
% |
|
|
|
|
Marketplaces |
|
|
64.8 |
% |
|
|
58.7 |
% |
|
|
|
|
|
|
|
79.3 |
% |
|
|
76.9 |
% |
|
|
|
|
|
|
|
14.4 |
% |
|
|
16.7 |
% |
|
|
|
|
|
|
|
68.2 |
% |
|
|
60.1 |
% |
|
|
|
|
Other |
|
|
-19.2 |
% |
|
|
-27.8 |
% |
|
|
|
|
Fintech and data services |
|
|
-185.5 |
% |
|
|
-175.7 |
% |
|
|
|
|
|
For the Six Months Ended |
|
|||||||||
|
|
2024 |
|
|
2023 |
|
|
YoY Growth |
|
|||
|
|
(S$ in thousands except percentages) |
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|||
Revenue |
|
|
77,193 |
|
|
|
69,508 |
|
|
|
11.1 |
% |
Marketplaces |
|
|
74,252 |
|
|
|
66,568 |
|
|
|
11.5 |
% |
|
|
|
48,470 |
|
|
|
40,381 |
|
|
|
20.0 |
% |
|
|
|
8,580 |
|
|
|
8,402 |
|
|
|
2.1 |
% |
|
|
|
14,142 |
|
|
|
13,420 |
|
|
|
5.4 |
% |
Other |
|
|
3,060 |
|
|
|
4,365 |
|
|
|
(29.9 |
)% |
Fintech and data services |
|
|
2,941 |
|
|
|
2,940 |
|
|
|
0.0 |
% |
Adjusted EBITDA |
|
|
11,277 |
|
|
|
4,831 |
|
|
|
|
|
Marketplaces |
|
|
47,329 |
|
|
|
37,070 |
|
|
|
|
|
|
|
|
38,469 |
|
|
|
30,567 |
|
|
|
|
|
|
|
|
639 |
|
|
|
(73 |
) |
|
|
|
|
|
|
|
8,582 |
|
|
|
7,468 |
|
|
|
|
|
Other |
|
|
(361 |
) |
|
|
(892 |
) |
|
|
|
|
Fintech and data services |
|
|
(5,640 |
) |
|
|
(4,862 |
) |
|
|
|
|
Corporate* |
|
|
(30,412 |
) |
|
|
(27,377 |
) |
|
|
|
|
Adjusted EBITDA Margin (%) |
|
|
14.6 |
% |
|
|
7.0 |
% |
|
|
|
|
Marketplaces |
|
|
63.7 |
% |
|
|
55.7 |
% |
|
|
|
|
|
|
|
79.4 |
% |
|
|
75.7 |
% |
|
|
|
|
|
|
|
7.4 |
% |
|
|
-0.9 |
% |
|
|
|
|
|
|
|
60.7 |
% |
|
|
55.6 |
% |
|
|
|
|
Other |
|
|
-11.8 |
% |
|
|
-20.4 |
% |
|
|
|
|
Fintech and data services |
|
|
-191.8 |
% |
|
|
-165.4 |
% |
|
|
|
|
*Corporate consists of headquarters costs, which are not allocated to the segments. Headquarters costs are costs of PropertyGuru’s personnel that are based predominantly in its |
||||||||||||
About
PropertyGuru.com.sg was launched in
For more information, please visit: PropertyGuruGroup.com;
______________________________ |
1 Based on SimilarWeb data between |
2 Please refer to non-IFRS reconciliation of net income/(loss) to Adjusted EBITDA section for more details. |
3 Based on |
4 Based on data between |
5 Based on data between |
Key Performance Metrics and Non-IFRS Financial Measures
Our core markets comprise
Engagement Market Share is the average monthly engagement for websites owned by
Number of agents in all core markets except
Number of real estate listings is calculated as the average number of listings created monthly during the period for
Average revenue per agent (“ARPA”) is calculated as agent revenue for a period divided by the average number of agents in that period, which is calculated as the sum of the number of total agents at the end of each month in a period divided by the number of months in such period.
Number of listings in
Average revenue per listing ("ARPL”) is calculated as revenue for a period divided by the number of listings in such period.
Renewal rate is calculated as the number of agents that successfully renew their annual package during a period divided by the number of agents whose packages are up for renewal (at the end of their twelve-month subscription) during that period.
This press release also includes references to non-IFRS financial measures, namely Adjusted EBITDA, Adjusted EBITDA Margin and incremental Adjusted EBITDA over incremental revenue.
Adjusted EBITDA is a non-IFRS financial measure defined as net profit/loss for year/period adjusted for changes in fair value of preferred shares, warrant liability and embedded derivatives, finance costs, depreciation and amortization, tax expenses or credits, impairments when the impairment is the result of an isolated, non-recurring event, share grant and option expenses, loss on disposal of plant and equipment and intangible assets, currency translation profit or loss, fair value profit or loss on lease modifications and contingent consideration, business acquisition transaction and integration cost (including contingent consideration), and the cost of listing or IPO activities.
Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.
Incremental Adjusted EBITDA over incremental revenue is calculated as the increase in Adjusted EBITDA over the period divided by the increase in revenue over the same period.
A reconciliation of net loss to Adjusted EBITDA is provided as follows.
|
|
For the Three Months Ended |
|
|||||
|
|
2024 |
|
|
2023* |
|
||
|
|
(S$ in thousands) |
|
|||||
|
|
|
|
|
|
|
||
Net loss |
|
|
(16,125 |
) |
|
|
(6,476 |
) |
Adjustments: |
|
|
|
|
|
|
||
Changes in fair value of preferred shares, warrant liability and embedded derivatives |
|
|
10,287 |
|
|
|
(2,246 |
) |
Finance income - net |
|
|
(2,356 |
) |
|
|
(1,897 |
) |
Depreciation and amortization expense |
|
|
6,898 |
|
|
|
5,800 |
|
Impairment |
|
|
— |
|
|
|
5,719 |
|
Share grant and option expenses |
|
|
1,555 |
|
|
|
802 |
|
Other losses/(gains) - net |
|
|
338 |
|
|
|
(18 |
) |
Business acquisition transaction and integration cost |
|
|
213 |
|
|
|
597 |
|
Strategic review cost |
|
|
4,997 |
|
|
|
— |
|
Restructuring cost** |
|
|
62 |
|
|
|
2,066 |
|
Tax expense |
|
|
948 |
|
|
|
264 |
|
Adjusted EBITDA |
|
|
6,817 |
|
|
|
4,611 |
|
|
|
For the Six Months Ended |
|
|||||
|
|
2024 |
|
|
2023* |
|
||
|
|
(S$ in thousands) |
|
|||||
|
|
|
|
|
|
|
||
Net loss |
|
|
(22,417 |
) |
|
|
(16,710 |
) |
Adjustments: |
|
|
|
|
|
|
||
Changes in fair value of preferred shares, warrant liability and embedded derivatives |
|
|
10,593 |
|
|
|
(110 |
) |
Finance income - net |
|
|
(4,333 |
) |
|
|
(3,317 |
) |
Depreciation and amortization expense |
|
|
13,354 |
|
|
|
11,680 |
|
Impairment |
|
|
— |
|
|
|
5,719 |
|
Share grant and option expenses |
|
|
2,576 |
|
|
|
3,060 |
|
Other losses - net |
|
|
307 |
|
|
|
54 |
|
Business acquisition transaction and integration cost |
|
|
239 |
|
|
|
2,040 |
|
Strategic review cost |
|
|
5,468 |
|
|
|
— |
|
Restructuring cost** |
|
|
4,233 |
|
|
|
2,066 |
|
Tax expense |
|
|
1,257 |
|
|
|
349 |
|
Adjusted EBITDA |
|
|
11,277 |
|
|
|
4,831 |
|
* Certain amounts in the prior period have been re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the acquisition of Sendtech in |
||||||||
** The restructuring cost relates to the strategic re-organisation of the Group. |
||||||||
Forward-Looking Statements
Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by
Industry and Market Data
This press release contains information, estimates and other statistical data derived from third party sources and/or industry or general publications, including estimated insights from SimilarWeb and
PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES |
||||||||||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS |
||||||||||||||||
|
|
For the Three Months Ended
|
|
|
For the Six Months Ended
|
|
||||||||||
|
|
2024 |
|
|
2023* |
|
|
2024 |
|
|
2023* |
|
||||
|
|
(S$ in thousands, except share and per share data) |
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Revenue |
|
|
40,678 |
|
|
|
36,880 |
|
|
|
77,193 |
|
|
|
69,508 |
|
Other income |
|
|
2,531 |
|
|
|
2,034 |
|
|
|
4,926 |
|
|
|
3,700 |
|
Other (losses) / gains - net |
|
|
(10,625 |
) |
|
|
2,264 |
|
|
|
(10,916 |
) |
|
|
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Sales commission |
|
|
(2,194 |
) |
|
|
(2,061 |
) |
|
|
(4,745 |
) |
|
|
(4,302 |
) |
Referral fees |
|
|
(511 |
) |
|
|
(678 |
) |
|
|
(927 |
) |
|
|
(1,150 |
) |
Merchant fees |
|
|
(1,047 |
) |
|
|
(840 |
) |
|
|
(1,842 |
) |
|
|
(1,499 |
) |
Awards and events costs |
|
|
(383 |
) |
|
|
(378 |
) |
|
|
(764 |
) |
|
|
(968 |
) |
Advertising and platform fees |
|
|
(396 |
) |
|
|
(416 |
) |
|
|
(847 |
) |
|
|
(948 |
) |
Salary and staff costs |
|
|
(20,332 |
) |
|
|
(20,377 |
) |
|
|
(43,417 |
) |
|
|
(40,121 |
) |
Marketing expenses |
|
|
(3,750 |
) |
|
|
(2,968 |
) |
|
|
(6,166 |
) |
|
|
(6,218 |
) |
Technology expenses |
|
|
(3,658 |
) |
|
|
(3,083 |
) |
|
|
(6,906 |
) |
|
|
(6,349 |
) |
Legal and professional |
|
|
(5,717 |
) |
|
|
(2,060 |
) |
|
|
(7,858 |
) |
|
|
(3,138 |
) |
Share grant and option expenses |
|
|
(1,555 |
) |
|
|
(802 |
) |
|
|
(2,576 |
) |
|
|
(3,060 |
) |
Depreciation and amortization |
|
|
(6,898 |
) |
|
|
(5,800 |
) |
|
|
(13,354 |
) |
|
|
(11,680 |
) |
Reversal of impairment /(Impairment) loss on financial assets |
|
|
306 |
|
|
|
(716 |
) |
|
|
178 |
|
|
|
(677 |
) |
Impairment of intangible assets** |
|
|
— |
|
|
|
(5,469 |
) |
|
|
— |
|
|
|
(5,469 |
) |
Impairment of plant, equipment and right-of-use assets |
|
|
— |
|
|
|
(250 |
) |
|
|
— |
|
|
|
(250 |
) |
Finance cost |
|
|
(116 |
) |
|
|
(116 |
) |
|
|
(238 |
) |
|
|
(248 |
) |
Other expenses |
|
|
(1,510 |
) |
|
|
(1,376 |
) |
|
|
(2,901 |
) |
|
|
(3,548 |
) |
Total expenses |
|
|
(47,761 |
) |
|
|
(47,390 |
) |
|
|
(92,363 |
) |
|
|
(89,625 |
) |
Loss before income tax |
|
|
(15,177 |
) |
|
|
(6,212 |
) |
|
|
(21,160 |
) |
|
|
(16,361 |
) |
Tax expense |
|
|
(948 |
) |
|
|
(264 |
) |
|
|
(1,257 |
) |
|
|
(349 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net loss for the period |
|
|
(16,125 |
) |
|
|
(6,476 |
) |
|
|
(22,417 |
) |
|
|
(16,710 |
) |
Other comprehensive loss: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Items that may be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Currency translation differences arising from consolidation |
|
|
1,200 |
|
|
|
(3,425 |
) |
|
|
4,037 |
|
|
|
(9,068 |
) |
Items that will not be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Actuarial loss from post-employment benefits obligation |
|
|
— |
|
|
|
(4 |
) |
|
|
— |
|
|
|
(8 |
) |
Other comprehensive income/(loss) for the period, net of tax |
|
|
1,200 |
|
|
|
(3,429 |
) |
|
|
4,037 |
|
|
|
(9,076 |
) |
Total comprehensive loss for the period |
|
|
(14,925 |
) |
|
|
(9,905 |
) |
|
|
(18,380 |
) |
|
|
(25,786 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss per share for loss attributable to equity holders of the Group |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic loss per share for the period |
|
|
(0.10 |
) |
|
|
(0.04 |
) |
|
|
(0.14 |
) |
|
|
(0.10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Diluted loss per share for the period |
|
|
(0.10 |
) |
|
|
(0.04 |
) |
|
|
(0.14 |
) |
|
|
(0.10 |
) |
* Certain amounts in the prior period have been re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the acquisition of Sendtech in |
||||||||||||||||
** The impairment of intangible assets as at |
||||||||||||||||
PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES |
||||||||
UNAUDITED CONSOLIDATED BALANCE SHEETS |
||||||||
|
|
As of 2024 |
|
|
As of 2023 |
|
||
|
|
(S$ in thousands) |
|
|||||
|
|
|
|
|
|
|
||
ASSETS |
|
|
|
|
|
|
||
Current assets |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
|
309,370 |
|
|
|
306,398 |
|
Trade and other receivables |
|
|
16,431 |
|
|
|
15,810 |
|
|
|
|
325,801 |
|
|
|
322,208 |
|
Non-current assets |
|
|
|
|
|
|
||
Trade and other receivables |
|
|
2,397 |
|
|
|
2,677 |
|
Intangible assets |
|
|
378,718 |
|
|
|
378,178 |
|
Plant and equipment |
|
|
1,467 |
|
|
|
1,691 |
|
Right-of-use assets |
|
|
6,814 |
|
|
|
8,414 |
|
|
|
|
389,396 |
|
|
|
390,960 |
|
Total assets |
|
|
715,197 |
|
|
|
713,168 |
|
LIABILITIES |
|
|
|
|
|
|
||
Current liabilities |
|
|
|
|
|
|
||
Trade and other payables |
|
|
30,793 |
|
|
|
26,637 |
|
Lease liabilities |
|
|
3,819 |
|
|
|
4,222 |
|
Deferred revenue |
|
|
64,313 |
|
|
|
61,066 |
|
Provisions |
|
|
147 |
|
|
|
148 |
|
Current income tax liabilities |
|
|
4,097 |
|
|
|
4,019 |
|
|
|
|
103,169 |
|
|
|
96,092 |
|
Non-current liabilities |
|
|
|
|
|
|
||
Trade and other payables |
|
|
597 |
|
|
|
518 |
|
Lease liabilities |
|
|
3,972 |
|
|
|
5,352 |
|
Deferred income tax liabilities |
|
|
5,588 |
|
|
|
4,981 |
|
Provisions |
|
|
770 |
|
|
|
764 |
|
Warrant liabilities |
|
|
11,306 |
|
|
|
649 |
|
|
|
|
22,233 |
|
|
|
12,264 |
|
Total liabilities |
|
|
125,402 |
|
|
|
108,356 |
|
|
|
|
|
|
|
|
||
Net assets |
|
|
589,795 |
|
|
|
604,812 |
|
|
|
|
|
|
|
|
||
SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
||
Capital and reserves attributable to equity holders of the Group |
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
Share capital |
|
|
1,095,823 |
|
|
|
1,094,543 |
|
Share reserve |
|
|
13,298 |
|
|
|
11,215 |
|
Capital reserve |
|
|
785 |
|
|
|
785 |
|
Translation reserve |
|
|
(33,876 |
) |
|
|
(37,913 |
) |
Accumulated losses |
|
|
(486,235 |
) |
|
|
(463,818 |
) |
Total Shareholders' Equity |
|
|
589,795 |
|
|
|
604,812 |
|
PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES |
||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS |
||||||||
|
|
For the Six Months Ended |
|
|||||
|
|
2024 |
|
|
2023 |
|
||
|
|
(S$ in thousands) |
|
|||||
|
|
|
|
|
|
|
||
Cash flows from operating activities |
|
|
|
|
|
|
||
Loss for the period* |
|
|
(22,417 |
) |
|
|
(16,710 |
) |
Adjustments for: |
|
|
|
|
|
|
||
- Tax expense* |
|
|
1,257 |
|
|
|
349 |
|
- Employee share grant and option expense |
|
|
2,278 |
|
|
|
2,716 |
|
- Non-executive director share grant and option expense |
|
|
298 |
|
|
|
428 |
|
- Depreciation and amortization* |
|
|
13,354 |
|
|
|
11,680 |
|
- Impairment of intangible assets |
|
|
— |
|
|
|
5,469 |
|
- Impairment of plant, equipment and right-of-use assets |
|
|
— |
|
|
|
250 |
|
- Loss/(gain) on disposal of plant and equipment and intangible assets |
|
|
8 |
|
|
|
(2 |
) |
- Gain on lease modification |
|
|
(1 |
) |
|
|
— |
|
- (Reversal of impairment)/Impairment loss on financial assets |
|
|
(178 |
) |
|
|
677 |
|
- Interest income |
|
|
(4,571 |
) |
|
|
(3,565 |
) |
- Finance cost |
|
|
238 |
|
|
|
248 |
|
- Unrealised currency translation loss/(gain) |
|
|
329 |
|
|
|
(183 |
) |
- Fair value loss/(gain) on warrant liabilities |
|
|
10,593 |
|
|
|
(110 |
) |
|
|
|
1,188 |
|
|
|
1,247 |
|
Change in working capital, net of effects from acquisition |
|
|
|
|
|
|
||
and disposal of subsidiaries: |
|
|
|
|
|
|
||
- Trade and other receivables |
|
|
(11 |
) |
|
|
915 |
|
- Trade and other payables |
|
|
4,233 |
|
|
|
(2,577 |
) |
- Deferred revenue |
|
|
3,248 |
|
|
|
3,502 |
|
Cash provided by operations |
|
|
8,658 |
|
|
|
3,087 |
|
Interest received |
|
|
4,419 |
|
|
|
3,221 |
|
Income tax paid |
|
|
(483 |
) |
|
|
(290 |
) |
Net cash provided by operating activities |
|
|
12,594 |
|
|
|
6,018 |
|
|
|
|
|
|
|
|
||
Cash flows from investing activities |
|
|
|
|
|
|
||
Additions to plant and equipment |
|
|
(423 |
) |
|
|
(298 |
) |
Additions of intangible assets |
|
|
(13,219 |
) |
|
|
(13,143 |
) |
Proceeds from disposal of plant and equipment |
|
|
19 |
|
|
|
2 |
|
Net cash used in investing activities |
|
|
(13,623 |
) |
|
|
(13,439 |
) |
|
|
|
|
|
|
|
||
Cash flows from financing activities |
|
|
|
|
|
|
||
Interest paid |
|
|
(223 |
) |
|
|
(228 |
) |
Principal payment of lease liabilities |
|
|
(2,320 |
) |
|
|
(2,241 |
) |
Proceeds from issuance of ordinary shares |
|
|
372 |
|
|
|
192 |
|
Net cash used in financing activities |
|
|
(2,171 |
) |
|
|
(2,277 |
) |
|
|
|
|
|
|
|
||
Net decrease in cash and cash equivalents |
|
|
(3,200 |
) |
|
|
(9,698 |
) |
|
|
|
|
|
|
|
||
Cash and cash equivalents |
|
|
|
|
|
|
||
Beginning of the six months ended 30 June |
|
|
306,398 |
|
|
|
309,233 |
|
Effects of currency translation on cash and cash equivalents |
|
|
6,172 |
|
|
|
2,261 |
|
End of the six months ended 30 June |
|
|
309,370 |
|
|
|
301,796 |
|
* Certain amounts in the prior period have been re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the acquisition of Sendtech in |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240903929336/en/
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