ComfortDelGro reported a 14.4% increase in half-year revenue year-on-year, reaching 2.42 billion Singapore dollars. For the first time, more than half of its revenue comes from overseas markets. Profits after tax increased by 11.2%, amounting to 106 million Singapore dollars. The company's expansion strategy includes pursuing contracts for rail operations in locations like Stockholm and Paris. ComfortDelGro also operates bus and taxi services in various countries and is investing in AI technology for self-driving cars in China.
The increase in overseas earnings reflects our focus on pursuing profitable international growth. The international Public Transport business continues to do well, underpinned by our ability to collaborate effectively with our clients to deliver valued services to support their transport goals.
ComfortDelGro is trying to expand its overseas operations, particularly in rail. Singapore's size means transport operators like ComfortDelGro are inclined to look overseas for growth.
The company has recently won contracts to operate Stockholm's metro and parts of the Paris metro. ComfortDelgro currently operates two rail lines in Singapore and rail services in Auckland, New Zealand.
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