ComfortDelGro Q3 profit falls 2%

Singapore

TRANSPORT giant ComfortDelGro has posted a net profit of S$78.5 million for the third quarter, down 2 per cent from S$80.1 million a year earlier, on the back of lower dividend payouts from subsidiary Cabcharge Australia.

On a per share basis, earnings for the three months ended Sept 30 came in at 3.63 Singapore cents, down from 3.7 Singapore cents a year ago.

With higher revenue from its existing businesses and contributions from new acquisitions, revenue for the quarter rose 8.5 per cent to S$967.9 million. The increase in revenue was mainly attributable to its public …