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ComfortDelGro's Q3 profit rises 2.5% to S$87.3m

Operating costs decline due to lower fuel and electricity costs, taxi driver benefits and insurance premiums

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Revenue from ComfortDel- Gro’s taxi business inched up 0.2 per cent to S$335.9 million in Q3, while rail revenue climbed 26.3 per cent to S$69.1 million and bus revenue fell 7.3 per cent to S$506.4 million.

Singapore

COMFORTDELGRO'S net profit for the third quarter ended Sept 30, 2016, rose 2.5 per cent to S$87.3 million even as group revenue fell 3.1 per cent to S$1.015 billion due to a negative foreign-currency effect.

The land transport giant said if not for the unfavourable...

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