SMRT Q3 gets boost from non-rail businesses

Singapore

SMRT Corp's net profit jumped 63.5 per cent to S$36.86 million for the third quarter ended Dec 31, 2015, helped by its improving non-rail businesses.

Group revenue for the quarter rose 4.6 per cent to S$327.56 million on broad-based growth across most segments.

Other operating income was also higher at S$20.9 million. SMRT said: "Other operating income increased by $7.2 million (52.3 per cent) in 3Q FY2016 and $15.8 million (40.9 per cent) in YTD FY2016 due mainly to higher BSEP grants to cover the increased operating costs incurred by a lar…