Home News Results

ComfortDelGro sinks into the red with $6 mil loss, skips interim dividend

The Edge Singapore
The Edge Singapore8/14/2020 05:41 PM GMT+08  • 2 min read
ComfortDelGro sinks into the red with $6 mil loss, skips interim dividend
If not for government subsidies, losses would have hit $66.1 million
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

ComfortDelGro Corporation reported a loss of $6 million for 1HFY20 ended June 30, hurt by the fallout from the Covid-19 outbreak. In the year-earlier period, the operator of buses, taxis and trains was able to generate earnings of $146.3 million.

Revenue in the same period was down 20.8% y-o-y to $1.53 billion, as ridership fell due to the circuit breaker measures.

“The first six months of 2020 have been nothing short of catastrophic,” said chairman Lim Jit Poh.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.