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ComfortDelGro Q1 net profit halves on weak ridership amid virus outbreak

Q1 profit down 48.9% to S$36 million, revenue down 9% to S$862.4 million

Singapore

THE net profit for transport giant ComfortDelGro Corporation fell 48.9 per cent on the year to S$36 million for the first quarter ended March 31, hit by weak ridership amid Covid-19-induced lockdowns in the markets in which it operates.

In its business update on Friday,...

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