Wolf Money(ComfortDelGro 1Q 2025 result)
ComfortDelGro had just announced a 19% increased in net profit. Net profit came in at $48.3m vs $40.6m last year. If one excluded the one off $6.1m special dividend from A2B last year. Profit would have increased 40%. One new information from Q1 update. The goodwill from last year acquisitions of CMAC, Addison Lee and A2B will be amortised over their useful life. They did a $3.9m charged off to the p/l during this quarter. Operating cashflow was up but net cashflow was down due to capex need for buying new buses in Manchester and London. Gearing stands at 11.2%. More detail at the end of month portfolio update. God bless.
Link to SGX announcement
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