SBS Transit H1 profit up 11.9% on government's wage support
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Singapore
SBS Transit's (SBST) first-half year net profit rose 11.9 per cent to S$36.5 million, propped up by government relief, which helped cushion reduced ridership due to the pandemic, the transport operator said in a business update on Thursday.
It declared an interim dividend of S$0.0575 per share, representing a payout ratio of 49.2 per cent. Group revenue for the period ended June 30 rose 6.2 per cent to S$640.8 million.
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