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ComfortDelGro's net profit up 15.2% in Q3 on higher revenue
The Straits Times
|November 16, 2024
Transport operator ComfortDelGro has posted a 15.2 per cent rise in net profit to $57.5 million for its third quarter ended September, from $49.9 million in the year-ago period.
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Revenue rose 18.4 per cent to $1.2 billion from $996.6 million, the mainboard-listed group said in a Singapore Exchange filing on Nov 14.
This growth was in part contributed by its overseas markets, which increased by 51.1 per cent mainly due to its acquisitions of British-based ground transport management and accommodation network specialist CMAC Group, as well as Australian taxi network operator A2B Australia.
This story is from the November 16, 2024 edition of The Straits Times.
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