Earnings Report /

ComfortDelGro Corp Ltd: Recovery is underway, except China

  • Results were below expectations due to taxi rebates of S$10mn in China due to the lockdown

  • Excluding government relief and non-recurring items, operating profit in 2Q22 jumped 2.5-fold to S$62mn

  • Return to office and other activities started only in the later part of 2Q22

Paul Chew
Paul Chew

Head of Research

16 August 2022
Published byPhillipCapital


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