Real estate listing site PropertyGuru’s net loss balloons to $138m in 2021 

Photo: PropertyGuru

Singapore-based real estate listing site PropetyGuru’s net loss in 2021 hit S$187.4 million, up from S$14.4 million in 2020.

The company attributed a large portion, S$124.1 million, of the net losses to a one-time accounting charge on preference share conversion options. Without this accountancy charge, net losses jumped to S$63.3 million, more than four times 2020’s, on the backs of higher operation and asset depreciation costs, as well as costs related to its listing.

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