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ComfortDelGro ekes out 0.6% rise in profit despite poorer taxi, automotive engineering performances

Singapore

TRANSPORT giant ComfortDelGro Corp posted a modest 0.6 per cent rise in net earnings to S$303.3 million for the year ended Dec 31, 2018 as weaker taxi and automotive engineering performances offset a strong public transport segment.

The absence of a special dividend from Australian unit Cabcharge and a drop in investment income also weighed on its bottom line.

The Singapore-based global group reported a 6.4 per cent rise in revenue to S$3.81 billion, with contributions from new acquisitions...

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