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ComfortDelGro’s profits increase in 3Q due to lower oil price

byCT Report
12/11/2016
in Uncategorized
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SINGAPORE: Fuelled by lower oil prices and other expenses, transport giant ComfortDelGro Corp posted a 2.5 per cent rise in third-quarter earnings to $87.3 million, even as its revenue dipped.

For the nine months to Sept 30, the Singapore-based multinational firm reported a 5.2 per cent rise in net profit after tax to $245.9 million.

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Revenue slipped 3.1 per cent to $1.02 billion in the three months, and 0.5 per cent to $3 billion in the nine-month period.

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