ComfortDelGro bus shocker: Singapore buses actually lost money last quarter

Ready for a fare raise?

According to DMG OSK, CDL had overall good results but the one standout difficulty was Singapore buses which actually lost S$42k in 3Q11 on higher fuel prices excluding advertisement and rental income.

Obviously in Singapore, everybody’s pressured to keep rates low to prevent unnecessary fare hikes in the future. The company’s bus segment growth in Australia was offset by still weak performance from its Singapore bus segment which reported EBIT of S$7.2m.

If you want the full report of ComfortDelGro’s financials, click here.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Credit Bureau Singapore, Experian Malaysia sign credit reporting MoU
The partnership will support consented cross-border credit report applications between Singapore and Malaysia.
Financial Services
Proposed US tariff puts Singapore exports under scrutiny
Around one-third of Singapore’s domestic exports to the US could fall within the scope of the proposed measure.
Economy
Keppel enters South Korea data centre market
The planned 60MW facility in Ansan will be Keppel’s first data centre in the country.