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SBS reports 16.8% rise in Q1 earnings

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Published Fri, May 9, 2014 · 10:00 PM

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Singapore

SBS Transit (SBS) posted a 16.8 per cent increase in its first-quarter net profit to $3.3 million from $2.8 million a year ago, helped by lower taxation.

"Taxation for 1Q14 of $0.6 million was lower than 1Q13 by 56.3 per cent or $0.7 million due mainly to tax credit recognised for the subsidiary of the company," said SBS.

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