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SBS Transit's Q2 net rises 19% on higher revenue from rail business

Friday, August 12, 2016 - 05:50
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Revenue from the bus segment inched up 0.6% to S$203.9m on higher average daily ridership and higher other operating income.

Singapore

BUOYED by higher revenue, transport operator SBS Transit has reported a net profit of S$7.25 million, up 19 per cent year-on-year, for the second quarter ended June 30.

Revenue edged up 5.6 per cent to S$269 million, largely due to increased revenue from its rail business

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