The group announced a turnaround as its underlying businesses enjoyed a broad-based recovery.1. Operating profit before government reliefsThis rise was led by broad-based revenue growth across CDG’s major business segments.
CDG reported an operating profit of S$125.4 million before government reliefs, a sharp turnaround from the operating loss of S$47.6 million a year ago.2. Singapore remains the group’s top contributorIn FY2021, all regions reported higher year on year revenue as economies slowly reopened. The UK and Ireland region registered an operating profit of S$6.1 million, reversing the S$28 million operating loss in FY2020.China’s operating profit more than doubled year on year from S$10.9 million to S$26.1 million while Australia saw a 68% year on year surge in operating profit to S$57.6 million.CDG’s Taxi division has also reported a better performance for FY2021 and looks poised to continue its recovery.