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ComfortDelGro 3QFY2023 earnings up 54.5% y-o-y on improved public transport segment

Bryan Wu
Bryan Wu • 2 min read
ComfortDelGro 3QFY2023 earnings up 54.5% y-o-y on improved public transport segment
Despite increasing competition in the private hire space, CDG's Singapore taxi fleet size held firm during the quarter, slightly increasing its market share. Photo: ComfortDelGro
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ComfortDelGro (CDG) has reported earnings of $49.9 million for its 3QFY2023 ended Sept 30, up 54.5% y-o-y, as the company’s public transport segment improved from its performance last year.

The company’s earnings were also up by 9.2% q-o-q from $45.7 million in 2QFY2023, while its patmi margin increased to 5.0%, up over the 3.4% recorded in 3QFY2022 and 4.8% in 2QFY2023.

Revenue for the period was also up by 3.8% y-o-y to $996.6 million, while operating costs increased to $833.4 million in 3QFY2023 from $815.8 million in the same period last year.

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