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ComfortDelGro back in black with S$21.7m net profit in Q3, thanks to government relief
ComfortDelGro is back in the black with a net profit of $21.7 million for the third quarter that ended on Sept 30, a turnaround from the net loss of $6 million in the first half of the year.
But without government relief in the various countries in which it operates, such as Britain and China, the transport operator would have made an operating loss of $0.2 million for the quarter.
Revenue for the third quarter rose 22.9 per cent compared with the preceding three months. But it recognised an impairment provision of $17.5 million in the third quarter for the British businesses.
ComfortDelGro back in black with S$21.7m net profit in Q3
In an update filed on the Singapore Exchange on Thursday after market close, the group said that, excluding government relief and impairment, it would still have achieved a profit after tax and minority interest of S$6.7 million.
You are just 2 days old in this thread? No wonder you are making personal attacks.
Stop your attacks. Dont get this thread locked again.
GoldNugget ( Date: 13-Nov-2020 06:59) Posted:
Please read the financial report. The amount of money they receive is stated there. And why does it even need to return to the government????
U short too much until ur brain fried??????
Conman ( Date: 13-Nov-2020 05:48) Posted:
| We are talking about CDG as a Group making $21.7 of profit in a quarter while many local companies and individuals are struggling to stay afloat in this pandemic. As tax-payers, we need to know how much of the relief fund was booked as profits. That amount should be returned to the State for better use elsewhere |
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Shhhh conman .. later you kana whack left , right, centre from elite forumer !
I supreme leader entertained you for so many months already while enjoying my profits many times in CDG
and you still talking about your same 20c short in your circus ...
Conman ( Date: 13-Nov-2020 08:39) Posted:
If you feel it is a waste of time readi g my views, then dont read. It is ok to me.
GoldNugget ( Date: 13-Nov-2020 06:57) Posted:
| Given the quality of ur argument. I totally see how value to waste time reading ur view. Ur argument is contradicting. And asking me to read all ur rubbish post for the last 6 months? U think u r Warren buffet? U think ur words worth my time?And to answer ur question I was never invested in comfortdelgo. I just got in 2 days ago. The first time I stwp into this sub thread I see ur rubbish all over the place.
This is not a business with great growth. Anyone looking revolutionary business can go else where. It is an OK company with sound business and something that is undervalued for what it is worth. This is all I need to get in. I dont see how this investment can be bad after 1 to 2 years time frame |
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If you feel it is a waste of time readi g my views, then dont read. It is ok to me.
GoldNugget ( Date: 13-Nov-2020 06:57) Posted:
Given the quality of ur argument. I totally see how value to waste time reading ur view. Ur argument is contradicting. And asking me to read all ur rubbish post for the last 6 months? U think u r Warren buffet? U think ur words worth my time?And to answer ur question I was never invested in comfortdelgo. I just got in 2 days ago. The first time I stwp into this sub thread I see ur rubbish all over the place.
This is not a business with great growth. Anyone looking revolutionary business can go else where. It is an OK company with sound business and something that is undervalued for what it is worth. This is all I need to get in. I dont see how this investment can be bad after 1 to 2 years time frame.
Conman ( Date: 12-Nov-2020 20:50) Posted:
You obviously did not follow what I said in this forum for the past 6 months or so. You have got it all wrong. I dont want to repeat everything again. I suggest you read my previous posts and you will understand.
You are vested at very high price? How much |
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Please read the financial report. The amount of money they receive is stated there. And why does it even need to return to the government????
U short too much until ur brain fried??????
Conman ( Date: 13-Nov-2020 05:48) Posted:
We are talking about CDG as a Group making $21.7 of profit in a quarter while many local companies and individuals are struggling to stay afloat in this pandemic. As tax-payers, we need to know how much of the relief fund was booked as profits. That amount should be returned to the State for better use elsewhere.
Entropy72 ( Date: 12-Nov-2020 23:36) Posted:
The relief goes towards reducing taxi rentals, enabling self-employed taxi drivers to continue earning a living. Whether or not CDG offered further discounts on top of the Govt relief, I am not sure.
If no Govt relief is offered, can CDG fully bear the discount itself? It might not be financially viable (rental revenue cannot cover operating costs and depreciation) and taxis can park one side unused. Taxi Drivers lose their source of income (don't say they can go become Grab drivers instead) and create hardship for their dependents. |
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Given the quality of ur argument. I totally see how value to waste time reading ur view. Ur argument is contradicting. And asking me to read all ur rubbish post for the last 6 months? U think u r Warren buffet? U think ur words worth my time?And to answer ur question I was never invested in comfortdelgo. I just got in 2 days ago. The first time I stwp into this sub thread I see ur rubbish all over the place.
This is not a business with great growth. Anyone looking revolutionary business can go else where. It is an OK company with sound business and something that is undervalued for what it is worth. This is all I need to get in. I dont see how this investment can be bad after 1 to 2 years time frame.
Conman ( Date: 12-Nov-2020 20:50) Posted:
You obviously did not follow what I said in this forum for the past 6 months or so. You have got it all wrong. I dont want to repeat everything again. I suggest you read my previous posts and you will understand.
You are vested at very high price? How much?
GoldNugget ( Date: 12-Nov-2020 20:28) Posted:
| The fact is the sub went to comfort. That ensure it turn to profit. This is for covid and event that is not due to the viability of the business. The main driver of their revenue is not taxi. It is public transport. Its solution to is decreasing fleet size is going into new markets like aus which is actually a driver of his increase of revenue across the years. So dont know what you are talking abt decrease fleet size and no solution to the problem. The solution is to emphasis on other area in profitable markets and to avoid the need to rely on taxi revenue |
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We are talking about CDG as a Group making $21.7 of profit in a quarter while many local companies and individuals are struggling to stay afloat in this pandemic. As tax-payers, we need to know how much of the relief fund was booked as profits. That amount should be returned to the State for better use elsewhere.
Entropy72 ( Date: 12-Nov-2020 23:36) Posted:
The relief goes towards reducing taxi rentals, enabling self-employed taxi drivers to continue earning a living. Whether or not CDG offered further discounts on top of the Govt relief, I am not sure.
If no Govt relief is offered, can CDG fully bear the discount itself? It might not be financially viable (rental revenue cannot cover operating costs and depreciation) and taxis can park one side unused. Taxi Drivers lose their source of income (don't say they can go become Grab drivers instead) and create hardship for their dependents.
Conman ( Date: 12-Nov-2020 23:05) Posted:
| I am concerned why a company which has made a huge profit of $21.7m in a difficult time like this is given government relief. This is especially so that half of its business interest is overseas. Was any of the relife fund booked as profits? I hope the company or the government would clarify. |
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Why no bus? It is getting a fixed contract fee from the government for running one of the 3 bus services and one of the two train services in Singapore. Why still need relief? SMRT can take over the services anytime if it go bust because all the assets belong to the government. The relief money was public fund belonging to all tax-payers. Why was any of it paid to a company which could profit $21.7m in a quarter? How much of it was used to support its public transport services in foreign countries to make sure the Ang Mo get their buses?
justicebaogaliao ( Date: 12-Nov-2020 23:31) Posted:
Very simple, no govt relief = company go bust = tmr u go outside no bus to take to your kopitiam
Conman ( Date: 12-Nov-2020 23:05) Posted:
| I am concerned why a company which has made a huge profit of $21.7m in a difficult time like this is given government relief. This is especially so that half of its business interest is overseas. Was any of the relife fund booked as profits? I hope the company or the government would clarify. |
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The relief goes towards reducing taxi rentals, enabling self-employed taxi drivers to continue earning a living. Whether or not CDG offered further discounts on top of the Govt relief, I am not sure.
If no Govt relief is offered, can CDG fully bear the discount itself? It might not be financially viable (rental revenue cannot cover operating costs and depreciation) and taxis can park one side unused. Taxi Drivers lose their source of income (don't say they can go become Grab drivers instead) and create hardship for their dependents.
Conman ( Date: 12-Nov-2020 23:05) Posted:
| I am concerned why a company which has made a huge profit of $21.7m in a difficult time like this is given government relief. This is especially so that half of its business interest is overseas. Was any of the relife fund booked as profits? I hope the company or the government would clarify. |
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Very simple, no govt relief = company go bust = tmr u go outside no bus to take to your kopitiam
Conman ( Date: 12-Nov-2020 23:05) Posted:
| I am concerned why a company which has made a huge profit of $21.7m in a difficult time like this is given government relief. This is especially so that half of its business interest is overseas. Was any of the relife fund booked as profits? I hope the company or the government would clarify. |
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I am concerned why a company which has made a huge profit of $21.7m in a difficult time like this is given government relief. This is especially so that half of its business interest is overseas. Was any of the relife fund booked as profits? I hope the company or the government would clarify.
And to add on why I said before he/she is a good indicator to do the opposite.
Becos many time in those dead stock(penny that not moving) he/she was flooding the thread which apparently I trace back is a failed investment... Price just stay dead... 😂
zandlery ( Date: 12-Nov-2020 21:51) Posted:
Whenever danger vested in certain stock, u will realise every now n then he/she will flood the thread on n on with copy n paste info trying to "persuade" ppl to buy or sell.
Been going on since... Err... I start investing... 😂
Conman ( Date: 12-Nov-2020 21:19) Posted:
| It is very unbecoming of you as a Supreme to threaten me this way. No wonder you ate so unwelcome in other threads, which I found out today accidentally |
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Whenever danger vested in certain stock, u will realise every now n then he/she will flood the thread on n on with copy n paste info trying to "persuade" ppl to buy or sell.
Been going on since... Err... I start investing... 😂
Conman ( Date: 12-Nov-2020 21:19) Posted:
It is very unbecoming of you as a Supreme to threaten me this way. No wonder you ate so unwelcome in other threads, which I found out today accidentally.
danger ( Date: 12-Nov-2020 20:55) Posted:
Oh conman please DO NOT REPEAT YOURSELF
YOU REPEATED YOUR COFFEESHOP DOOMSDAY STORIES ONE TOO MANY TIME LIAO
WHEN IT IS TIME TO SPOUT YOUR NONSENSE AGAIN.. I WILL LET YOU KNOW
BE PATIENT |
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It is very unbecoming of you as a Supreme to threaten me this way. No wonder you ate so unwelcome in other threads, which I found out today accidentally.
danger ( Date: 12-Nov-2020 20:55) Posted:
Oh conman please DO NOT REPEAT YOURSELF
YOU REPEATED YOUR COFFEESHOP DOOMSDAY STORIES ONE TOO MANY TIME LIAO
WHEN IT IS TIME TO SPOUT YOUR NONSENSE AGAIN.. I WILL LET YOU KNOW
BE PATIENT
Conman ( Date: 12-Nov-2020 20:50) Posted:
You obviously did not follow what I said in this forum for the past 6 months or so. You have got it all wrong. I dont want to repeat everything again. I suggest you read my previous posts and you will understand.
You are vested at very high price? How much |
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Well, you can deny. It doesnt affect me. But I happened to tour there a little bit and found that you are not so welcome there.
danger ( Date: 12-Nov-2020 20:59) Posted:
Is it ? how come i didn' t know ?
I whack people or people whack me ?
End of the day .. it is not me who get burnt and pocket got hole... so i havent see that thread since mkt closed 5pm
Tomorrow continue
Conman ( Date: 12-Nov-2020 20:53) Posted:
| Haha danger I saw you got whacked at another thread today. How? Kept quiet and ran? |
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Is it ? how come i didn' t know ?
I whack people or people whack me ?
End of the day .. it is not me who get burnt and pocket got hole... so i havent see that thread since mkt closed 5pm
Tomorrow continue
Conman ( Date: 12-Nov-2020 20:53) Posted:
Haha danger I saw you got whacked at another thread today. How? Kept quiet and ran?
danger ( Date: 12-Nov-2020 20:49) Posted:
| Conman talk down talk nonsense how many times.. i win how many times with eyes closed |
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Oh conman please DO NOT REPEAT YOURSELF
YOU REPEATED YOUR COFFEESHOP DOOMSDAY STORIES ONE TOO MANY TIME LIAO
WHEN IT IS TIME TO SPOUT YOUR NONSENSE AGAIN.. I WILL LET YOU KNOW
BE PATIENT
Conman ( Date: 12-Nov-2020 20:50) Posted:
You obviously did not follow what I said in this forum for the past 6 months or so. You have got it all wrong. I dont want to repeat everything again. I suggest you read my previous posts and you will understand.
You are vested at very high price? How much?
GoldNugget ( Date: 12-Nov-2020 20:28) Posted:
| The fact is the sub went to comfort. That ensure it turn to profit. This is for covid and event that is not due to the viability of the business. The main driver of their revenue is not taxi. It is public transport. Its solution to is decreasing fleet size is going into new markets like aus which is actually a driver of his increase of revenue across the years. So dont know what you are talking abt decrease fleet size and no solution to the problem. The solution is to emphasis on other area in profitable markets and to avoid the need to rely on taxi revenue |
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Haha danger I saw you got whacked at another thread today. How? Kept quiet and ran?
danger ( Date: 12-Nov-2020 20:49) Posted:
| Conman talk down talk nonsense how many times.. i win how many times with eyes closed |
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You obviously did not follow what I said in this forum for the past 6 months or so. You have got it all wrong. I dont want to repeat everything again. I suggest you read my previous posts and you will understand.
You are vested at very high price? How much?
GoldNugget ( Date: 12-Nov-2020 20:28) Posted:
The fact is the sub went to comfort. That ensure it turn to profit. This is for covid and event that is not due to the viability of the business. The main driver of their revenue is not taxi. It is public transport. Its solution to is decreasing fleet size is going into new markets like aus which is actually a driver of his increase of revenue across the years. So dont know what you are talking abt decrease fleet size and no solution to the problem. The solution is to emphasis on other area in profitable markets and to avoid the need to rely on taxi revenue.
Conman ( Date: 12-Nov-2020 20:22) Posted:
| And if it is making a profit of $21.7m, that is a lot of money. Why is the government giving subsidy? How much of this 21.7m was in fact our tax money paid from the government? |
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