ComfortDelGro's rail segment suffers $5.8m operating loss

No thanks to fat Downtown Line costs.

According to OCBC, CDG managed to register positive growth in operating profits for all its core segments, with the exception of its Rail Business, which turned in an operating loss of S$5.8m (excluding advertising and rental revenue).

This was attributed largely to start-up costs from the Downtown Line (DTL) amounting to S$20.7m.

Here's more from OCBC:

CDG’s overseas operations contributed 40.5% of its total revenue, but 48.9% of overall operating profits.

We believe this highlights the struggles faced by its Singapore operations. We expect continued start-up losses from its DTL operations in FY14 which would cause a drag on its overall Rail Business.

However, this would be mitigated by narrowing losses for its bus operations due to the upward fare adjustment (effective 6 Apr this year) and continued traction in its taxi operations, coupled with continued growth for its overseas operations.

In particular, we are positive on the full year contribution in FY14 from its Metroline West acquisition in the UK.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia