SBS Transit's Q2 profit jumps 75% to S$12.71m

BUS contracting and higher rail ridership boosted SBS Transit's net profit for the second quarter ended June 30 by 75.3 per cent to S$12.71 million, as revenue grew 7 per cent to S$287.8 million from the corresponding period a year ago.

Q2 earnings per share of 4.09 Singapore cents were higher than the 2.34 Singapore cents for the same period last year.

A tax-exempt one-tier interim dividend of 3.65 Singapore cents per ordinary share has been declared, up from 2.35 Singapore cents a year ago.