SINGAPORE (Feb 24): Analysts remain optimistic on land transport operator ComfortDelGro, following the release of its results for FY2019 ended December, on Feb 14.

The group posted a 12.6% decline in its FY2019 earnings to $265.1 million, from $303.3 million a year ago. This follows higher operating costs such as the $27 million incurred from the impairments in its taxi business.

Aside from taxi operations, the group’s core competencies are in public transportation and inspection and testing services.

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