5% decline in Q3 profit for SBS Transit
Add BT as a preferred source
Nisha Ramchandani
SBS Transit reported a five per cent drop in net profit to S$5.46 million for the third quarter ended Sept 30.
The bottom line was dragged down by higher operating costs as well as higher finance costs.
Revenue increased 5.4 per cent to S$262.01 million as revenue from both its bus and rail segments were higher.
Earnings per share came to 1.77 Singapore cents, down from 1.86 cents.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
China’s Huawei reveals chip design breakthrough amid US sanctions
