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ComfortDelGro's Q2 profit rises 9.9% to S$75.7m

Broad-based growth with revenue crossing billion-dollar mark

Published Wed, Aug 13, 2014 · 10:00 PM
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NET profit at ComfortDelGro rose 9.9 per cent to S$75.7 million for the second quarter ended June 30, 2014, as group revenue grew 11.9 per cent to a record S$1.016 billion - the first time it has crossed the S$1 billion mark.

The land transport giant said growth was broad-based, with all business segments contributing to the increase. The actual revenue growth of $97.5 million was boosted by a positive foreign currency translation of $10.4 million due to the stronger pound sterling.

The group's overseas operations accounted for 41.2 per cent of revenue - up from 38.9 per cent in the corresponding period a year ago. Q2's overseas operating profit accounted for 50.7 per cent of group operating profit, up from 46.8 per ce…

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