ComfortDelGro Corporation Ltd (SGX: C52) is one of the world’s largest land transport firms. It operates buses, taxi, rail services, car rental and leasing, automotive engineering services, and inspection and testing services, among other businesses. The land transport giant just announced its financial results for 2020. Overall, its business was affected by the pandemic. But it seems to be picking up as revenue hit a trough in the 2020 second-quarter. Let’s dive deeper…

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TL;DR: ComfortDelGro Posts Dismal 2020 Results As Expected   Here’s a summary of ComfortDelGro’s latest financial results:

• 2020 revenue decreased by 17% while net profit fell 77%, both on a year-on-year basis.
• The land transport giant said that COVID-19 weighed heavily on its 2020 financial performance.
• However, activity levels gradually improved in most geographies in the final quarter of 2020, after the relaxation of lockdown measures.
• ComfortDelGro’s 2020 total dividend fell to 1.43 Singapore cents, down from 9.79 cents a year back.

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