ComfortDelGro reveals 6.2% increase in first-quarter earnings

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SBS Transit posts 23.3% increase in earningsTransport operator SBS Transit (SBST) posted a 23.3 per cent increase in earnings to $20.7 million for the first quarter ended March 31 as better margins from bus contracts continued to flow in. Revenue crept up by 6.9 per cent to $350.8 million, ahead of a 5.5 per cent... Can we have 23% improvement on punctuality too
Source: thenewpaper - 🏆 7. / 63 Read more »

Hot stock: ThaiBev shares tumble 11% in early trading after posting Q2 earningsSHARES in Thai Beverage Public Company Limited (ThaiBev) faced a heavy sell-off in the early session after posting second quarter results, where its bottom line fell 12 per cent to 5.79 billion baht (S$249.9 million). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Olam Q1 earnings up 6.9% to S$168.9mAGRI-FOOD company Olam International's first-quarter net profit increased 6.9 per cent to S$168.9 million, from S$158 million for the year ago period as its improved operating performance was partly offset by higher depreciation and finance costs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

'The numbers speak for themselves', Singtel CEO says after full-year earnings slideSINGTEL management took the group’s sprawling portfolio through its paces at an hour-long earnings briefing on Wednesday morning, after the mainboard-listed telco posted a 21.4 per cent drop in full-year earnings - shorn of one-off items - to S$2.83 billion. Read more at The Business Times. Singtel A
Source: BusinessTimes - 🏆 15. / 51 Read more »

Parks push Disney earnings past Wall Street estimatesWalt Disney Co reported second-quarter profit and revenue that beat analysts' estimates on Wednesday, as more visitors flocked to its theme parks.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SBS Transit's Q1 earnings up 23 per cent on better margins from bus contractsSINGAPORE - Transport operator SBS Transit (SBST) posted a 23.3 per cent increase in earnings to $20.7 million for the first quarter ended March 31 as better margins from bus contracts continued to flow in.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Wee Hur Q1 earnings halved on drop in property development incomeMAINBOARD-LISTED property group Wee Hur Holdings' earnings were halved in the first quarter, as turnover from the muted development segment fell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Disney parks lift earnings, streaming date for 'Avengers: Endgame' announcedWalt Disney Co reported second-quarter profit and revenue that beat analysts' estimates on Wednesday, as more visitors flocked to its theme parks.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Pressure on yuan may boost earnings for some SGX firmsFADING hopes of a US-China trade resolution have hit China's currency, with some banks revising their forecasts for the currency lower as the yuan slumped to a four-month low on Monday. Read more at The Business Times. SGX waw
Source: BusinessTimes - 🏆 15. / 51 Read more »