ComfortDelGro's Q3 profit rises 2.5% to S$87.3m

Singapore

COMFORTDELGRO'S net profit for the third quarter ended Sept 30, 2016, rose 2.5 per cent to S$87.3 million even as group revenue fell 3.1 per cent to S$1.015 billion due to a negative foreign-currency effect.

The land transport giant said if not for the unfavourable translation effect of S$47.9 million due to the weaker pound and renminbi, group revenue would have increased by S$15.5 million.

But foreign-exchange fluctuations also cushioned operating costs, which fell 3.3 per cent to S$888.2 million as an increase of S$12.4 million in ac…