Lower fuel costs lift SBS Transit Q1 profit
But it warns of increased spending on staff, rail repairs and maintenance in the quarters ahead
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 …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB