SBS Transit's third quarter profit-after-tax (PAT) shrank around 28 per cent year-on-year to S$13.86 million, it said in a filing to the Singapore Exchange on Thursday (Nov 11).

Revenue was 10.9 per cent higher at S$334.85 million on the back of higher revenues from public transport services and other commercial services.

Meanwhile, operating profit fell nearly 28 per cent to S$14.1 million as operating costs rose.

For the quarter under review, government relief arising from the pandemic fell nearly 41 per cent to S$13.93 million.

SBST warned that the current restrictions, which have been extended to Nov 21, will result in a slow recovery for rail ridership.

"We will focus on our digitalisation transformation journey and drive our sustainability efforts to improve customer experience and cost competitiveness," SBST added.

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Shares in SBST closed at S$2.98 on Thursday, down one cent or 0.33 per cent.