ComfortDelGro’s net profit up 6.8% to $67.6m in Q1

Thanks to higher revenue across the board.

ComfortDelGro reported that it its net profit grew 6.8% year-on-year to $67.6m in the first quarter, driven by revenue growth across all its business segments.

Revenue from its bus, taxi and rail operations grew 2.2%, 5.2% and 8.1% respectively.

However, overall revenue grew only by 1.3% due to currency translation losses arising from the weakness of the AUD and the GBP.

The group expects continued revenue growth throughout the year on back of higher fares.

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