ComfortDelGro to continue recovery with $134.6 EBIT

This is a 23x YoY increase from the previous year.

ComfortDelGro continues on its path to recovery with a 23 times year-on-year (YoY) increase in earnings before interest and taxes, amounting to $134.6m.

This jump can be attributed to several increases in the company’s segments, such as public transport and taxis achieving 31% and 109% increase YoY, respectively. COVID-19 relief efforts for their drivers, as well as higher ad hoc charter activities in Australia contributed to this as well.

Dividend payouts for ComfortDelGro have also increased by 50% at 0.021 cents.

Along with the continuing efforts to open in a post COVID direction, ComfortDelGro sees improvement in 2H21.

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