SBST profit soars 87.6% to S$31.4m

Singapore

SBS Transit's net profit for the year ended Dec 31, 2016, jumped 87.6 per cent to S$31.4 million from the previous year on its commercial services, boosted by a turnaround in its public transport business.

Revenue climbed 7.3 per cent to S$1,098.7 million. No fourth quarter numbers were given.

SBST is the unit of land transport giant ComfortDelGro and Singapore's biggest bus operator. It also runs a smaller rail network.

Earnings per share was 10.12 cents compared to 5.41 cents a year earlier. Net asset value per s…