ComfortDelGro's Q2 net profit rises 5.3% to S$85.2m

Singapore

AIDED partly by lower operating costs, ComfortDelGro's second- quarter net profit grew 5.3 per cent to S$85.2 million from the preceding year.

For the three months ended June 30, revenue slipped 1.4 per cent year-on-year to S$1.02 billion, mainly due to an unfavourable foreign currency translation effect.

Actual revenue increased by S$3.1 million during the quarter but this was eroded by a negative S$18 million foreign currency t…