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SMRT's Q2 profit dives 57% to $14m

HIGHER staff and depreciation costs combined with stagnant fares to put the brakes on SMRT Corp's net profit for the second quarter ended Sept 30, 2013, causing it to plunge 56.8 per cent to $14.4 million, even as revenue rose 5.3 per cent to $296.3 million. Singapore's main rail operator, which