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ComfortDelGro expected to bounce back to growth in FY19F

PC Lee
PC Lee8/13/2018 11:04 AM GMT+08  • 3 min read
ComfortDelGro expected to bounce back to growth in FY19F
SINGAPORE (Aug 13): After a 3% drop in FY18F, ComfortDelGro is expected to show earnings growth in FY19, supported by increase in taxi fleet and further improvements in public transport contributions.
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SINGAPORE (Aug 13): After a 3% drop in FY18F, ComfortDelGro is expected to show earnings growth in FY19, supported by increase in taxi fleet and further improvements in public transport contributions.


See: ComfortDelGro reports 5.5% fall in 2Q earnings to $75 mil on higher costs

In 2Q18 ended June, ComfortDelGro saw an increase in revenue mainly on contributions from its public transport segments which was up 7.4% y-o-y to $66.1 million, which in turn was driven by higher mileage operated due to the commencement of the Seletar Bus Package and higher rail ridership.

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