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SMRT's rail losses deepen for Q1

Group looks to new rail financing framework and Temasek bid; net profit falls 22.9%
Tuesday, August 9, 2016 - 05:50
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The first quarterly results for SMRT Corporation painted a bleak picture for the transport operator's rail business, as it appealed to shareholders to help it move towards a new rail financing framework (NRFF), and be taken private by state investor Temasek Holdings.

Singapore

THE first quarterly results for SMRT Corporation painted a bleak picture for the transport operator's rail business, as it appealed to shareholders to help it move towards a new rail financing framework (NRFF), and be taken private by state investor Temasek Holdings.

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