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SBS Transit posts record earnings; hikes dividend

Government bus contracts help it record a 70% surge in net profit to S$80.1m

Published Tue, Feb 12, 2019 · 09:50 PM

Singapore

NEW government bus contracts introduced last year drove earnings sharply north for transport operator SBS Transit (SBST).

The ComfortDelGro subsidiary posted a 70 per cent surge in net profit to a record S$80.1 million, it reported on Tuesday.

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