ComfortDelGro's Q3 gain up 5.4%

Core bus and taxi sectors give its earnings a lift to $76.7m for quarter

Published Wed, Nov 13, 2013 · 10:00 PM
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COMFORTDELGRO'S core bus and taxi businesses boosted its net profit by 5.4 per cent to $76.7 million in the third quarter ended Sept 30, 2013, as group revenue grew 8.6 per cent to $978.4 million.

The land transport giant said that while actual revenue grew by $89.3 million, this was eroded by $11.7 million from the negative foreign currency translation.

Q3 operating expenses climbed 9.2 per cent to $856 million on increases in staff costs (up 16.1 per cent at $321.8 million), contract services (up 9.4 per cent at $126.3 million), energy costs (up 11.3 per cent at $74.6 million) and repairs and maintenance (up 14 per cent at $50.4 million).

The additional staff costs were due to a hike in headcount to support growth in services, the acquisition of the Metroline West bus company in Lo…

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