Revenue rose by 2.6% y-o-y to $3.88 billion with better performance seen from the taxi and private hire segment as personal transport demand in Singapore remained high.
“We are encouraged by our strong performance and the sustained recovery across all segments in 2023. Our global rail business has demonstrated notable growth, as shown by our recent successes in Europe," says Cheng Siak Kian, managing director and group CEO of ComfortDelGro.
"We remain focused on executing our strategy by leveraging our expertise in public transport to win new tenders in existing and new geographies, growing our point-to-point mobility business and expanding our service offerings in our key markets,” he adds.
The group has proposed a final dividend of 3.76 cents per share, bringing FY2023’s total dividend to 6.66 cents a share, representing a payout ratio of 80%.
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
As at Dec 31, 2023, cash and cash equivalents stood at $856.9 million.
Shares in ComfortDelGro closed 2 cents lower or 1.46% down at $1.35 on Feb 29.
