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.

This is also the first time since 2017 that the company has seen a dip in revenue for its full-year figures.

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