Powered by contributions from new acquisitions, transport giant ComfortDelGro posted a 6.2 per cent increase in first-quarter earnings to $70.4 million for the period ended March 31.
The Singapore-listed group - which has operations in China, Australia and Britain - saw revenue rise by 7.8 per cent to $947.3 million.Earnings per share grew from 3.06 cents to 3.25 cents, while net asset value per share stood at 123.56 cents, up from 120.7 cents as at Dec 31 last year. Compared with the previous corresponding quarter, the margin for earnings before interest, tax, depreciation and amortisation inched up from 22 per cent to 22.5 per cent.
The revenue from its public transport division grew by 11.6 per cent to $684.9 million, driven mainly by contributions from new acquisitions in Australia and Britain, higher fees earned for its government bus contracts, and higher ridership and fares from its rail services here.
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