ComfortDelGro's Q3 profit rises 5.3%

Singapore

BOOSTED by a broad-based increase in revenue, land transport giant ComfortDelGro reported a net profit of S$80.8 million for the three months ended Sept 30, 2014, up 5.3 per cent from S$76.7 million a year ago. Revenue grew 6 per cent to S$1.04 billion, from S$978.4 million a year ago.

"The results are in-line . . . they are boringly good, that's what we want," DBS Group Research analyst Andy Sim told The Business Times.