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SMRT Q4 profit up 27.6% at S$26.6m

Full-year S$7.4m operating profit from rail would have been a S$9.6m loss if not for net property tax refund

Singapore

TRANSPORT operator SMRT Corporation on Thursday posted a 27.6 per cent rise in fourth-quarter net profit to S$26.6 million. This lifted net profit for the full year ended March 31 by 20.1 per cent to S$109.3 million, even as rail operations dragged on group earnings.