ComfortDelgro *Official* (SGX:C52)

Wood4

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Tempting to take profit ?
But incoming approx $30 dividend at end August .
 
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Dividends Warrior

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ComfortDelGro profit up 6% despite pressues on bus business


SINGAPORE — ComfortDelGro’s net profit increased 6 per cent in the second quarter even though its bus services in Singapore reported an operating loss, hit by lower fares and higher costs.

The transport company made a net profit of S$68.9 million in the quarter ended 30 June, with revenue increasing 2.7 per cent to S$908.4 million.

In Singapore, revenue from scheduled bus services under SBS Transit increased by 7 per cent to S$159.6 million as the average daily ridership grew by 3 per cent.

But despite the continued growth in demand for bus services, the business saw an operating loss of S$3 million as a result of rising operating expenses and lower average fares.
 

trevda

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ComfortDelGro profit up 6% despite pressues on bus business


SINGAPORE — ComfortDelGro’s net profit increased 6 per cent in the second quarter even though its bus services in Singapore reported an operating loss, hit by lower fares and higher costs.

The transport company made a net profit of S$68.9 million in the quarter ended 30 June, with revenue increasing 2.7 per cent to S$908.4 million.

In Singapore, revenue from scheduled bus services under SBS Transit increased by 7 per cent to S$159.6 million as the average daily ridership grew by 3 per cent.

But despite the continued growth in demand for bus services, the business saw an operating loss of S$3 million as a result of rising operating expenses and lower average fares.

using the reported operating losses from smrt, sbs and comfort, next yr fares sure go up gao gao :(
 
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