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ComfortDelGro posts 10.8% drop in 3Q earnings to $70 mil

Amala Balakrishner
Amala Balakrishner11/13/2019 09:05 PM GMT+08  • 3 min read
ComfortDelGro posts 10.8% drop in 3Q earnings to $70 mil
SINGAPORE (Nov 13): Mainboard-listed land transport operator ComfortDelGro Corporation saw its earnings fall 10.8% to $70.0 million for 3Q19 ended September, from $78.5 million in 3Q18.
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SINGAPORE (Nov 13): Mainboard-listed land transport operator ComfortDelGro Corporation saw its earnings fall 10.8% to $70.0 million for 3Q19 ended September, from $78.5 million in 3Q18.

On a fully diluted basis, this translates to earnings per share (EPS) of 3.23 cents for 3Q19, compared to EPS of 3.62 cents in 3Q18.

Operating profit for the quarter was down 4% to $108.9 million during the quarter, on the back of higher losses in the rail business and keen competition in the taxi business, as well as the negative impact of foreign currency translations to the Australian dollar and the euro.

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