14-08-2014, 09:13 AM
http://www.businesstimes.com.sg/premium/...m-20140814
PUBLISHED AUGUST 14, 2014
ComfortDelGro's Q2 profit rises 9.9% to S$75.7m
Broad-based growth with revenue crossing billion-dollar mark
BYSAMUEL EE
samuelee@sph.com.sg
Improvement: Q2 taxi revenue was 6.7 per cent higher at S$320.1 million. - PHOTO: BLOOMBERG
NET profit at ComfortDelGro rose 9.9 per cent to S$75.7 million for the second quarter ended June 30, 2014, as group revenue grew 11.9 per cent to a record S$1.016 billion - the first time it has crossed the S$1 billion mark.
The land transport giant said growth was broad-based, with all business segments contributing to the increase. The actual revenue growth of $97.5 million was boosted by a positive foreign currency translation of $10.4 million due to the stronger pound sterling.
The group's overseas operations accounted for 41.2 per cent of revenue - up from 38.9 per cent in the corresponding period a year ago. Q2's overseas operating profit accounted for 50.7 per cent of group operating profit, up from 46.8 per cent a year ago.
Total operating expenses in the second quarter jumped 12.6 per cent to S$896.4 million mostly on higher staff, contract services, depreciation and energy costs.
PUBLISHED AUGUST 14, 2014
ComfortDelGro's Q2 profit rises 9.9% to S$75.7m
Broad-based growth with revenue crossing billion-dollar mark
BYSAMUEL EE
samuelee@sph.com.sg
Improvement: Q2 taxi revenue was 6.7 per cent higher at S$320.1 million. - PHOTO: BLOOMBERG
NET profit at ComfortDelGro rose 9.9 per cent to S$75.7 million for the second quarter ended June 30, 2014, as group revenue grew 11.9 per cent to a record S$1.016 billion - the first time it has crossed the S$1 billion mark.
The land transport giant said growth was broad-based, with all business segments contributing to the increase. The actual revenue growth of $97.5 million was boosted by a positive foreign currency translation of $10.4 million due to the stronger pound sterling.
The group's overseas operations accounted for 41.2 per cent of revenue - up from 38.9 per cent in the corresponding period a year ago. Q2's overseas operating profit accounted for 50.7 per cent of group operating profit, up from 46.8 per cent a year ago.
Total operating expenses in the second quarter jumped 12.6 per cent to S$896.4 million mostly on higher staff, contract services, depreciation and energy costs.