14 Feb '12, 2am

ComfortDelGro reports 3.1% rise in profit to $235.6 million

ComfortDelGro reports 3.1% rise in profit to $235.6 million

ComfortDelGro's taxi business is benefiting from a growth in fleet size, due partly to the keeping of its ageing Toyota Crowns for as long as possible. -- ST PHOTO: ALPHONSUS CHERN By Christopher Tan, Senior Correspondent ComfortDelGro Corp's revenue continued to grow steadily last year, powered by improvements in most of its businesses across the seven countries in which it operates. But sharp cost increases and foreign exchange translation losses prevented the transport giant from posting a full-year performance that might have matched its pre-crisis high. The group reported a 3.1 per cent rise in net profit to $235.6 million, shy of 2006's record of $244.6 million. Revenue, however, hit an all-time high of $3.411 billion, up 6.4 per cent from 2010. The group said $16 million in revenue was lost in translation on account of a weaker pound, yuan and Vietnam dong. The loss...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

Youth citizen journalism on the rise

channelnewsasia.com 14 Feb '12, 10am

SINGAPORE: More local youths are getting engaged in the act of citizen journalism on social media sites such as Facebook, ...

SingTel Q4 profit plunges 9.6% on losses in Sou...

straitstimes.com 13 Feb '12, 3am

SingTel said its quarterly profit dropped 9.6 per cent due to losses at its Pakistan unit and an African telecoms company ...

Phison aims for 2012 profit growth

Phison aims for 2012 profit growth

digitimes.com 17 Feb '12, 3am

Phison aims for 2012 profit growth Josephine Lien, Taipei; Jessie Shen, DIGITIMES [Friday 17 February 2012] Phison Electro...

SBS Transit 2011 profit falls 32.4% on costs

todayonline.com 11 Feb '12, 3am

Transport services provider SBS Transit said yesterday its full-year net profit fell 32.4 per cent to S$36.7 million, part...