Stock News: ComfortDelgro unit to run buses in Australia's Hunter Valley

Hunter Valley Buses Pty Ltd, a unit of land transport operator ComfortDelgro Corp Ltd, has signed a seven-year contract with the Australian Ministry of Transport to provide bus services in the Hunter Valley region of New South Wales, ComfortDelgro said. It said that the deal was worth about 17.6 mln aud annually. Hunter Valley Buses will be paid a contractual amount for the services while the transport ministry will take the fare revenue. ComfortDelgro said that the contract is not expected to have any material impact on its net tangible assets per share and earnings per share this year.