SINGAPORE (May 22): ComfortDelGro posted earnings of $36.0 million for 1QFY2020 ended March, some 48.9% lower than earnings of $70.4 million a year ago. 

The decline came on the back of a 9% slide in revenue to $862.4 million from $947.3 million last year as all business segments booked declines due to the Covid-19 pandemic. 

Revenue from the group’s taxi business fell 25.7%, while contributions from the public transport services segment fell 4.2%. Other segments such as automotive engineering services and inspection and testing services fell 22.3% and 0.8% respectively. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook