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Sunday, August 24, 2014

ComfortDelGro taxi business

http://www.fool.sg/2014/08/12/is-grabtaxi-a-threat-to-comfortdelgro-corporation-limited/

a) It owns a fleet of 16,600 taxis in Singapore
b) The ComfortDelGro Taxi Booking app registered a total of 2.13 million downloads in 2013
c) Taxi bookings made via the app accounted for about 41% of all taxi bookings.
d) Together with other services and channels such as SMS-A-Taxi, automated bookings made up 88% of all bookings made.
e) The company invested S$16 million into IT security, quality, and operational efficiency.
Further, in 2013, ComfortDelGro’s taxi operations only contributed to less than a third of the company’s revenue and profits. Instead, its bus operation was the major contributor at 50.2% of revenue. Finally, the company makes more than half of its revenue overseas.
With a taxi fleet that makes up more than half of Singapore’s taxis, and its own highly used app, it would appear that ComfortDelgro has a large enough network to hold its own against an upstart like GrabTaxi.

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