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SMRT's Q2 profit jumps 75.5% to S$25.3m

Friday, October 31, 2014 - 21:13
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SMRT Corp's net profit spiked up 75.5 per cent to S$25.3 million for the second quarter ended Sept 30 on improved performance in its train and bus operations, as well as higher profitability from its taxi, rental and advertising businesses.

SMRT Corp's net profit spiked up 75.5 per cent to S$25.3 million for the second quarter ended Sept 30 on improved performance in its train and bus operations, as well as higher profitability from its taxi, rental and advertising businesses.

Second-quarter revenue was 6.0 per cent higher at S$314.0 million compared to the same period a year ago.

Q2 earnings per share rose to 1.7 Singapore cents, up from 0.9 cent in the previous corresponding period.

An interim dividend of 1.5 Singapore cents has been declared, up from 1.0 cent in the corresponding period last year.

For the first half, net profit climbed 54.9 per cent to S$47.6 million on a 5.2 per cent increase in revenue to S$611.1 million.

Interim earnings per share were 3.1 Singapore cents, up from 2.0 cents previously.

SMRT shares closed 2.5 cents higher at S$1.49 on Friday.

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