Although ComfortDelGro’s bottom line stood slightly behind the $209.5 million FY2024 adjusted estimate forecasted by Bloomberg consensus, group CEO Cheng Siak Kian noted that the group has made “very good progress” in all its key operating areas.
Transport operator ComfortDelGro (SGX:C52
) delivered a set of “reasonably resilient” earnings for 1HFY2024 ended June 30. The group’s earnings for the six-month period stood at $95.1 million, up 21.4% y-o-y, marking the fifth straight quarter of y-o-y earnings growth.
Revenue for the period rose by 13.7% y-o-y to $2.12 billion due to growth from the group’s existing businesses, new acquisitions and favourable foreign currency translation mainly from the stronger British pound.
