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SBS Transit posts record earnings; hikes dividend

Government bus contracts help it record a 70% surge in net profit to S$80.1m

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Higher rail ridership from the first full-year operation of Downtown Line 3 (above, the Downtown station) also contributed to the company's bumped-up revenue for the whole year of 2018.

Singapore

NEW government bus contracts introduced last year drove earnings sharply north for transport operator SBS Transit (SBST).

The ComfortDelGro subsidiary posted a 70 per cent surge in net profit to a record S$80.1 million, it reported on Tuesday.

Revenue rose 16.1 per...

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