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SMRT's Q1 profit slides 10%

Rail segment in the red; group says there is progrees in talks with govt on transition to a new rail financing network


SMRT Corp's net profit slipped 10 per cent to S$20.13 million for the first quarter ended June 30, dragged down by losses from its rail operations. But Q1 revenue rose 7.8 per cent higher to S$320.3 million compared with the same period a year ago on broad-based revenue growth