In a statement, the property technology company said the adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 48% to S$6.82 million (RM22.71 million) from S$4.61 million (RM15.35 million) previously.

Meanwhile, revenue grew 10% to S$40.68 million (RM135.5 million) from S$36.88 million (RM122.84 million) in the preceding year’s corresponding quarter.

It said the growth was driven by improvements in market conditions, particularly in Vietnam.

“Marketplaces revenues increased 11% year-on-year (y-o-y) to S$39 million (RM129.98 million) in Q2, driven by improving conditions in Malaysia and Vietnam combined with ongoing strength in Singapore,” it said.

Malaysia’s marketplace revenue rose 12% y-o-y to S$7.42 million (RM24.73 million), as it continued to benefit from iProperty and PropertyGuru Malaysia’s combined market strength.

Meanwhile, Singapore marketplace revenue jumped 16% y-o-y to S$24.97 million (RM83.23 million), as the number of agents and the average revenue per agent grew in the quarter, it said.

Vietnam marketplace revenue improved 4% y-o-y to S$5.26 million (RM17.53 million), as an increase in the number of listings was partially offset by a decrease in average revenue per listing.

“Fintech and data services revenue increased 3% y-o-y to S$1.6 million (RM5.33 million),” it said.

PropertyGuru added that cash and cash equivalents were S$309 million (RM1.029 billion) at quarter-end.