SBS Transit's Q2 profit jumps 75.3% to S$12.71m

Singapore

BUS contracting and higher rail ridership boosted SBS Transit's (SBST) 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.

SBST is the unit of land transport giant ComfortDelGro. It also operates a rail network.

Q2 operating costs rose 4.7 per cent to S$271.63 million mainly on staff costs, which were up 10 per cent to S$153.42 million. But this…