ComfortDelGro Q3 net profit falls 10.8%

Singapore

COMFORTDELGRO Corp's net profit fell 10.8 per cent to S$70 million for the third quarter ended Sept 30 from S$78.5 million a year ago, the transport operator said in a bourse filing on Wednesday.

Revenue edged up 1.1 per cent to S$979 million on increased contributions from new acquisitions mainly in the public transport services business. This was offset by unfavourable exchange rates from the weaker British pound and Australian dollar, and decreases from existing businesses.