- ComfortDelGro (SGX:C52) said its Australian subsidiary, ComfortDelGro Corp Australia (CDCA), through its subsidiary CDC Victoria, has secured 3 franchises within the Victorian Department of Transport and Planning’s Metropolitan Zero Emission Bus (ZEB) Franchises tender process. See ComfortDelGro's announcement dated 04 Sep.
Worth around AUD1.6b over 10-year term
- - Read this at SGinvestors.io -
- Together, the contracts comprise 250 public bus and school routes, serviced by over 360 buses.
- Assuming 6% EBIT margin and a corporate tax rate of 30%, we estimate the incremental profit contribution at about S$5.9m pa on a full year basis.
Books one-off gain from sale of depots in 3Q25
- - Read this at SGinvestors.io -
- The transaction will also give rise to a one-off gain of S$14m, to be booked at 3Q25. The proceeds from the transfer of these three existing depots will be redeployed within the Australian business for further investment, capex and/or repayment of existing debt facilities.
Building on recent tender success Down Under
- Read more at SGinvestors.io.
