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SBST Q3 earnings dive 44% to $3.5m

SBS Transit's (SBST) net profit for the third quarter ended Sept 30, 2013, slumped 43.8 per cent to $3.54 million, hit by losses at its two biggest businesses - bus and rail. Revenue rose 7.4 per cent to $218.85 million on higher bus and rail revenue. But operating expenses rose 9.5 per cent to