- ComfortDelGro (SGX:C52) reported its 3Q22 Business Update, with revenue and net profit up by 10.1% and 32.9% y-o-y to S$969.5m and S$34.3m, respectively.
- The improvement in revenue was broad based, across all its business segments along with easing restrictions mainly in Singapore, Australia and the UK, except for China. Most of its business segments saw higher revenue, save for Bus Station.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Our Views on ComfortDelGro's 3Q22 Business Update
Results not as strong as expected; public transportation segment facing margin compression/regulatory headwinds.
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