Comfort Delgro recently just released their FY2017 full year financial results. Previously, I did an estimation on how its results will look like in this post. The good news is the results came in better than what I had expected.
Actual results vs what I estimated
In my previous post, I painted a very bleak picture of its business especially its taxi business. I estimated that the revenue of the taxi business will be at $1270.8 Million. Indeed, the taxi business continued to suffer and came in lower than what I had expected at $1208.7 Million.
This was offset by the rise in its public transport business which is the core of Comfort Delgro’s business. I estimated the revenue of its public transport business to come in at $2302.2 Million but this came in much higher at $2392.8 Million. This came in higher due to the …