Higher revenue lifts ComfortDelGro's profit by 5.4%
Published on Nov 12, 2012 9:08 PM
ComfortDelGro Corp has posted a 5.4 per cent rise in third-quarter net profit to $72.8 million.
Revenue for the three months ended Sept 30 was up 2.7 per cent at $900.8 million on broad-based growth that included taxi, bus and rail operations.
Earnings per share firmed to 3.48 cents from 3.3 cents previously while net asset value per share rose to 93 cents compared to 90.46 cents as of Dec 31.
Looking ahead, ComfortDelGro said revenue from its bus business here is expected to increase from a growth in ridership.