ComfortDelGro books H1 loss of S$6m, no interim dividend declared

Claudia Chong

Published Fri, Aug 14, 2020 · 09:50 PM

Singapore

WEAK ridership during the pandemic dragged transport operator ComfortDelGro into the red for the half-year ended June 30, 2020. The group chalked up a net loss of S$6 million against a net profit of S$146.3 million a year ago.

Loss per share was 0.28 Singapore cent, compared with an earnings per share of 6.76 cents a year ago. For the first time, the board has decided not to declare an interim half-year dividend. An interim dividend of 4.5 Singapore cent was declared a year ago.

ComfortDelGro's revenue was 20.8 per cent lower at S$1.5 billion as its underlying businesses suffered and the group faced unfavourable foreign currency translation of S$12.2 million from the weaker Australia…