In the Public Transport Services segment, revenue grew 11.6% to $613.5 million with the contributions form new acquisitions in the Australia and the UK; higher fees earned with higher operating mileage from bus services; as well as increased ridership and average fare from rail services in Singapore.
SINGAPORE (May 14): ComfortDelGro Corporation Limited (CDG) has announced earnings of $70.4 million for the 1Q ended March, rising 6.2% from $66.3 million in 1Q18 due to higher revenue, driven by strong contributions from recent acquisitions made in late 2017 and 2018.
Revenue for the quarter grew 7.8% on-year to $947.3 million from $878.8 million, with the topline growth coming mainly from the Public Transport Services, Automotive Engineering Services and Driving Centre businesses.
