The Singapore-based land transport company ComfortDelGro (CDG) has penetrated a number of overseas markets to emerge as the second largest company of its kind in the world today. Singapore listed CDG,capitalised at SGD (Singapore Dollars) 3.5 billion priorto the start of the current global financial crisis, runs a combined fleet of 41,000 buses and taxis in cities such as London, Edinburgh, Sydney, Beijing, Hanoi and Singapore. Profits from the offshore bus operations accounted for close to 47% of total turnover and 46% of group operating profit of SGD 223 million in 2007.CDG's goal was to have 50% of group revenue coming from overseas operations within five years.The strategy is to continue to expand overseas operations, seen as the only way to grow.
展开▼
