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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
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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.

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