ComfortDelGro's Q3 Patmi up over 19%

ComfortDelGro registered a third quarter profit after tax and minority interests (PATMI) of S$25.8 million, up 19.4 per cent year-on-year.

Revenue was 7.4 per cent higher at S$880.3 million, lifted by higher revenue from public transport services and automotive engineering services. Revenue for its public transport services rose 10.3 per cent to S$710.6 million due in part to higher revenue in Singapore. In Australia, public transport schedules were stable while the United Kingdom continued to see full schedules for public transport services.

Meanwhile, operating profit declined 8 per cent to S$40.3 million on the back of higher operating costs. Government relief was also lower.

For the quarter under review, government relief owing to the pandemic fell about 55 per cent to S$19.8 million from the corresponding period a year ago.

In an update on the pandemic situation in Singapore, Comfort said that ridership for public transport remained at about 60 per cent of pre-pandemic levels.

The counter closed at S$1.56 on Thursday (Nov 11), shedding five cents or 3.11 per cent.