ComfortDelGro Corporation (CDG) posted a profit after tax and minority interest (PATMI) of $56.2 million for the 1QFY2021 ended March, up 56,1% y-o-y from $36 million previously.
The higher PATMI comes despite a 0.7% y-o-y dip in revenue to $856.3 million. Revenue included government relief of $8.1 million, primarily from the UK. Excluding government relief, revenue fell 1.6% or $14.2 millon, most driven by its taxi and automotive engineering services segments.
Total operating costs fell 3.9% or $31.5 million y-o-y for the 1QFY2021, primarily due to worker-related government relief of $25.3 million.