ComfortDelGro 2Q earnings inches up 1.2% to $75.9m

SINGAPORE - Transport giant ComfortDelGro Corp posted a 1.2 per cent rise in earnings to $75.9 million for the second quarter, with higher public transport takings and contributions from new acquisitions offset by lower investment income, higher financing charges and unfavourable exchange rates.

Margin before tax, interest and depreciation improved to 22.6 per cent, from 22 per cent same quarter last year.Chief executive Yang Ban Seng said:"Despite an intensely competitive operating environment and growing global economic uncertainty, we continued to grow the business in the second quarter of this year.

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