ComfortDelGro’s profit falls to $32.8m in Q123

In Q122, the company recorded a profit of $76.1m.

ComfortDelGro recorded a lower profit after taxation and minority interests (PATMI) of $32.8m in Q123, its latest financial statement showed.

Apart from its PATMI, the transport company also saw a decline in its operating profit which fell 51.6% year-on-year to $54.3m.

In a bourse filing, ComfortDelGro attributed the decline in its operating profit to inflationary cost pressures on public transport services.

On the flip side, the company saw a 2.1% YoY higher revenue of $906.4m.

By geographical region, Singapore had the largest share in revenue at $536.8m.

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