ComfortDelgro – BT

ComfortDelGro’s Q3 profit up 10.4% at $61.4m

COMFORTDELGRO has reported a 10.4 per cent rise in third-quarter net profit to $61.4 million, taking the net profit for the first nine months to $173.9 million.

Revenue for the three months ended Sept 30 rose by $40.8 million, or 5.2 per cent year on year, to a record $823.4 million.

The growth came from the bus business, the taxi business, the rail business, the vehicle inspection and testing business, the driving centre business, the bus station business and the car rental and leasing business. It was, however, offset by a drop in the automotive engineering services business.

ComfortDelGro said yesterday that the growth would have been even stronger at 7.9 per cent had it not been for the negative translation effect of the weaker British pound, Chinese yuan and Vietnamese dong.

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