SBS Transit Q3 profit up 62% at S$5.7m
Bus and rail businesses saw higher average daily ridership and average fare
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SBS Transit's (SBST) net profit for the third quarter ended Sept 30, 2014, jumped 62.2 per cent to S$5.75 million as both its bus and rail businesses rode on higher average daily ridership and average fare, higher advertising sales and higher rental from renewals.
Third-quarter revenue climbed 13.6 per cent to of S$248.6 million compared to the same period a year ago.
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