By Christopher Tan SENIOR CORRESPONDENT

HIGH oil prices as well as forex translation losses pull down ComfortDelGro Corp's earnings for the year ended Dec 31.

The Singapore-listed transport giant posted a net profit of $200.1 million after tax but before minorities. This was 10.3 per cent lower than in 2007.

The group also had the benefit of an exceptonal gain of $26.5 million, from a share swop it had with Cabcharge Australia last year. It also incurred $10.1 million less in corporate taxes, mainly on tax cuts in China and the UK.

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