ComfortDelGro's profit rises to $152.8m in 9M

Profit rose 19% YoY.

ComfortDelGro ended 9M 2024 with a 19% YoY higher profit after tax and minority interests of $152.8m.

The company also reported a 15.$% YoY increase in revenue, hitting $439m year-to-date.

The company attributed its improved profit to contributions from newly acquired CMAC and A2B, contract renewals from the UK public transport, and higher commission rates and fares in Singapore.

Driver shortages across the industry and the rail advertising concession fee in Singapore, effective January 2024, however, impacted the company’s profit growth.

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