Lower fuel costs lift SBS Transit Q1 profit
But it warns of increased spending on staff, rail repairs and maintenance in the quarters ahead
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
LOWER fuel costs bolstered first-quarter earnings from bus and train operator SBS Transit, though it warned of higher spending on staff as well as repairs and maintenance, in the quarters ahead.
On Wednesday it reported a 69.5 per cent jump in first-quarter net profit. Net profit for the three months ended March 31, 2016, stood at S$8.08 million, up from S$4.77 million a year ago. This translated to earnings per share of 2.61 Singapore cents, up from 1.54 Singapore cents.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
