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Home / Capital / Results

ComfortDelGro reports 76.7% plunge in FY2020 earnings of $61.8 mil, remains in black thanks to government grants

Results

ComfortDelGro reports 76.7% plunge in FY2020 earnings of $61.8 mil, remains in black thanks to government grants

Felicia Tan Published on Mon, Feb 15, 2021 / 5:51 PM GMT+8

ComfortDelGro (CDG) has reported earnings of $61.8 million for the FY2020 ended December, 76.7% lower than earnings of $265.1 million in FY2019.

The lower earnings were due mainly to the Covid-19 pandemic, which impacted the group’s revenue and operating profit.

“The impact of the Covid-19 pandemic affected all our operations across all seven countries, with non-essential services being the hardest hit,” writes the group in a Feb 15 statement.