Corporate digest

SBS Transit

NET PROFIT for the third quarter ending Sept 30 rose 1.5 per cent to S$20 million on improved revenue from public transport services and other commercial services. Revenue was up 3.6 per cent at S$364 million, driven by its public transport services which benefited from last December's fare hike and higher ridership.

In its outlook, the group expects revenue from public transport services to be higher, and that from other commercial services to be maintained.