ComfortDelGro bus shocker: Singapore buses actually lost money last quarter

Ready for a fare raise?

According to DMG OSK, CDL had overall good results but the one standout difficulty was Singapore buses which actually lost S$42k in 3Q11 on higher fuel prices excluding advertisement and rental income.

Obviously in Singapore, everybody’s pressured to keep rates low to prevent unnecessary fare hikes in the future. The company’s bus segment growth in Australia was offset by still weak performance from its Singapore bus segment which reported EBIT of S$7.2m.

If you want the full report of ComfortDelGro’s financials, click here.

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