SBS Transit's Q3 profit rises 43.2% to S$7.8m

Singapore

SBS Transit's net profit for the third quarter ended Sept 30 jumped 43.2 per cent to S$7.8 million, mainly on its bus segment's lower fuel costs and lower depreciation, although this was offset by lower bus revenue and higher staff costs.

Third-quarter revenue rose 4.8 per cent to S$274.7 million from the same period a year ago.