SBS Transit Q1 profit up 44.6% to S$4.8m

Singapore

HIGHER average fare and ridership, plus lower energy costs, helped SBS Transit's net profit for the first quarter ended March 31 grow 44.6 per cent to S$4.8 million.

First-quarter revenue climbed 10.9 per cent to S$247.2 million from the corresponding period a year ago.