SBS Transit Q2 profit up 22.8% at S$6.09m

Singapore

PUBLIC transport operator SBS Transit posted a 22.8 per cent year-on-year rise in second-quarter earnings to S$6.09 million, as revenue for the April to June period grew 8.4 per cent to S$254.9 million.

A tax-exempt one-tier interim dividend of 1.65 cents per ordinary share was declared, payable on Aug 27. This compares with 1.25 cents for the last corresponding period.