SBS Transit posts record earnings; hikes dividend
Government bus contracts help it record a 70% surge in net profit to S$80.1m
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 cent to S$1.38 billion for the 12 months to Dec 31, 2018, largely because of higher fees earned with the commencement of the Seletar bus pack…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals
Concord to buy Hipgnosis in US$1.4 billion deal
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
TSMC posts first profit growth in a year after global AI boom
Latest Singapore one-year T-bill offers cut-off yield of 3.58%