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SBS Transit's Q1 profit after tax nearly halves, led by fall in public transport services

SBS said it has over S$250 million in available cash and bank facilities undrawn to 'underpin' the continuity of the business.


SBS Transit's profit after tax fell 46.1 per cent on the year to S$11.1 million for the first quarter, led by a decline in public transport services.

The group, which is 75-per-cent owned by ComfortDelGro Group, said that "the path of recovery to normal is expected to be...

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