News: Cabcharge posts Q1 results

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Cabcharge Australia Limited (ASX:CAB) has reported its first quarter results for the year of its associate companies.



ComfortDelGro Cabcharge saw an increase in earnings before interest and tax of $16.4 million, an increase of 19.7 per cent from the same time last year.



Cabcharge’s chief attributes the increase to growth in route services.



Cabcharge’s UK operations CityFleet group, reported a decrease in earnings which the transport operator says is due to lower business activities in the UK economy. 



In the first half of the 2012 financial year, Cabcharge generated a net profit of $25.9 million.