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SMRT's Q3 profit falls 44% to $14.23m

Fare business turns in $9m operating loss; revenue up 4%
Wednesday, January 29, 2014 - 06:00

SMRT Corp's net profit tumbled 44.1 per cent year on year to $14.23 million for the third quarter ended Dec 31, 2013, dragged down by its fare business which turned in a $9 million operating loss. Revenue climbed 4.1 per cent to $293.3 million but operating profit fell 37.2 per cent to $20.1

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