ComfortDelGro Bus' revenue in Singapore falls 11.9% to $5.9m in 3Q12

13 Nov 2012 - Singapore Business Review
Blame it on fewer contract and ad hoc jobs. According to a company statement, ComfortDelGro Corporation’s revenue for the three months ended 30 September 2012 increased by $23.8 million, or 2.7% year-on-year, to a record $900.8 million on broad-based growth. In line with the growth in revenue, operating ...
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ComfortDelgro's bus and taxi outperform but rail disappoints

13 Nov 2012 - Singapore Business Review
Rail EBIT plunged 63% YoY. Nomura notes that the bus segment outperformed expectations on the EBIT level as it saw strong growth coming in from the UK (up 6% y-y) and lower-than- expected losses in Singapore (down 7% y-y) as well-placed fuel hedges helped achieve lower fuel cost. Taxi segment EBIT was ...
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5 reasons why ComfortDelGro's bus and rail earnings dropped 41%

12 Nov 2012 - Singapore Business Review
SBS Transit disappoints in 3Q12. According to Barclays, SBS Transit, a 75%-owned subsidiary of ComfortDelgro (CD SP), released its 3Q12 results after the market close on 9 Nov. Here's more from Barclays: 3Q earnings were -41% y/y, mainly due to 1) lower average fare on buses and trains driven by easier ...
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Check out why ComfortDelgro will struggle amid ballooning train ridership

24 Sep 2012 - Singapore Business Review
Rail ridership grew 8% while bus transportation rose by only 4%. According to Barclays Research, SBS Transit, a 75%-owned subsidiary of ComfortDelgro, released its Singapore bus and rail ridership numbers for August after the market close on 21 Aug. Here's more from Barclays: We are concerned that the ...
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Why Australia is a greener pasture for ComfortDelgro

24 Aug 2012 - Singapore Business Review
CGD aquires two bus lines of Deane’s Transit Group for AUD53m. According to MayBank, while the Singapore local public transport scene is beset with challenges ranging from rising labour, energy and maintenance costs, signs point overseas for CDG’s business expansion. "Australia has been highlighted by ...
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ComfortDelGro's train disruption to derail its maintenance expenses

20 Aug 2012 - Singapore Business Review
The delay last August 17 will earn the LTA's scrutiny on the NEL's operation, warns Barclays. According to a statement, the train service on the North East Line (NEL) has been delayed by an average of 20 to 50 minutes in both directions since the start of service last August 17. This reminded Barclays ...
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Here's why ComfortDelgro will revel in profit in 2H12

14 Aug 2012 - Singapore Business Review
The 7.7% profit surge to S$118.5m will likely be repeated, thanks to ridership increases. According to OCBC, ComfortDelgro Corporation Limited’s (CD) 1H12 results threw up no surprises with top and bottom-lines forming 49% and 50% of our FY12 estimates respectively. Revenue grew 5.7% YoY to S$1.7b on ...
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Why SMRT struggles with energy cost inflation and ComfortDelGro does not

14 Aug 2012 - Singapore Business Review
CD has hedged 90% of its fuel needs and 60% of its electricity needs for 2H12, says CIMB. Here's more from CIMB: With the exception of driving centres, all segments reported stronger revenue in 2Q12, lifting the group’s topline to $885m (+5% yoy). Net profit grew 9% to S$65m. This quarter marked the ...
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ComfortDelgro to benefit from taxi supply cut

6 Aug 2012 - Singapore Business Review
Its Singapore taxi operation is expected to contribute 21% to its 2012 profit. According to Barclays, LTA decided on 3 Aug that the taxi fleet growth rate will be 2% p.a. from Aug 2012 to Dec 2013, lower than the current run rate of 4%, which it believes is positive to ComfortDelgro's taxi business in ...
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ComfortDelGro disposes its insurance business Down Under

5 Jun 2012 - Singapore Business Review
Its subsidiary, Swan Taxi, sold its 70% interest in a taxi insurance business for approximately $50,000. In a release, ComfortDelGro Corporation Limited announced that its wholly-owned subsidiary, Swan Taxi Pty Ltd, has divested its 70% interest in its subsidiary, TIAIB (Western Australia) Pty Ltd, for ...
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