The Business Times
business-time-50
SUBSCRIBERS

SBS Transit posts record earnings; hikes dividend

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

google-preferred-sourceAdd BT as a preferred source
Christopher Tan

Christopher Tan

Published Tue, Feb 12, 2019 · 09:50 PM

    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.

    SBS Transit

    TRENDING NOW

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Huawei believes a proposal to exclude Chinese suppliers based on their country of origin “violates the EU’s basic legal principles of fairness”.

    Germany, Spain push back on European plan to ban Huawei gear

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More