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Cabcharge profit drops 21.7pc after taxi surcharges slashed

Shaun DrummondReporter
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Cabcharge's net profit in the December half dropped 21.7 per cent to $24.4 million after Victoria, NSW and Western Australia slashed taxi payments surcharges.

Revenue fell 11.8 per cent to $88.6 million in the six months to December 31.

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Shaun Drummond writes on financial services from our Sydney newsroom. Connect with Shaun on Twitter.
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    Original URL: https://www.afr.com/markets/equity-markets/cabcharge-profit-drops-217pc-after-taxi-surcharges-slashed-20160225-gn32t4