ComfortDelGro says net profit increased 5.4% to $72.8 million for the third quarter ended Sept 30, 2012 from a year.
This follows as revenue grew 2.7% to a record $900.8 million.
The land transport company said revenue growth was broad-based.
At group level, third quarter revenue for the bus business increased by 2.2% to $443.5 million. Revenue from the overseas bus operations accounted for 61.4% of total group bus revenue.
At group level, third quarter revenue for the taxi business increased by 6.6% to $281.9 million as gains in Singapore, China and Australia more than offset declines in the United Kingdom and Vietnam.
Revenue from the rail business in the third quarter increased by 1.6% to $35.0 million on continued ridership growth. Average daily ridership for the North East Line grew by 5.3% to 457,000 while that for the Punggol and Sengkang LRTs increased by 17.3% to 73,000. Including rental and advertising income, total revenue from the rail business grew by 2.4% to $38.6 million during the quarter.
Revenue from the vehicle inspection and testing business grew by 7.6% to $25.4 million as more vehicles were inspected and more non-vehicle testing projects completed.
Q3 earnings per share was 3.48 cents, up from 3.30 cents in the same period a year ago. No dividend has been declared.
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