ComfortDelGro profits fell 48.9% to $36m in Q1

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This is due to the decline in revenue from public transportation services and taxis. ComfortDelGro’s (CDG) recorded a 48.9% YoY plunge in profits after tax and minority interests (PATMI) in Q1 with $36m from $70.4m in 2019, the company announced in an SGX filing. Revenue declined 9% YoY to $862.4m over the same period. The group recorded an operating profit of $55.9m in Q1, 47.9% lower compared to $107.4m in 2019. read more