This was mainly due to the UKLondon Public Transport contract renewals at improved margins; new Manchester Public Transport contracts from January 2025; Singapore cost control and internal efficiencies across segments; and A2B and Addison Lee acquired in April 2024 and Nov 2024 respectively.
ComfortDelGro (CDG) has reported higher earnings for 1QFY2025 ended March 31, up 19% y-oy to $48.3 million.
The transport operator’s revenue for 1QFY2025 came in 16.4% higher y-o-y to $$1.17 billion, and operating profit grew 45.5% y-o-y to $81.5 million.
