- ComfortDelGro (SGX:C52) reported a 9.0% y-o-y rise in revenue to S$1.9b in 2H22, along with a 41.3% increase in operating profit to S$98.9m in the same period. This brought ComfortDelGro's net profit to S$57.8m in 2H22 while core net profit was around S$51m. This was lower than expected largely due to the impact of backpay expense arising from the UK bus driver deal in December 2022 as well as lower margins from the Public Transport Services segment – see ComfortDelGro's Announcement dated 24 Feb 2023.
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Special dividend to commemorate ComfortDelGro's 20th anniversary of SGX listing.
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- Together with its total interim dividend of 4.26 cents, this brought ComfortDelGro's total FY22 dividend to 8.48 cents, which was significantly higher than FY21.
Inflation pressuring margins
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