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ComfortDelGro’s H1 2024 earnings rise 21.4% to S$95.3 million

Revenues in H1 2024 for its other private-transport and taxi/private-hire vehicle businesses rise, mostly powered by contributions from recent acquisitions

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Derryn Wong &

Benjamin Cher

Published Wed, Aug 14, 2024 · 06:41 PM
    • ComfortDelgro's taxi/private-hire vehicle business recorded higher revenues for the period, with most of the rise contributed by its newly acquired Australia-based taxi company.
    • ComfortDelgro's taxi/private-hire vehicle business recorded higher revenues for the period, with most of the rise contributed by its newly acquired Australia-based taxi company. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    TRANSPORT operator (CDG) reported on Wednesday (Aug 14) a 21.4 per cent increase in earnings for the first half of 2024 to S$95.3 million, from S$78.5 million in the year-ago period.

    Revenue for the period rose 13.7 per cent to S$2.1 billion from S$1.9 billion in the year prior, driven mainly by new acquisitions and increased contributions from existing businesses.

    The UK-based transport-solutions provider CMAC, acquired in February 2024, drove up H1 2024 revenue for CDG’s other private-transport business, sending it up 149.6 per cent to S$173.5 million from S$69.5 million in H1 2023.

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