SMRT Q4 profit up 27.6% at S$26.6m
Full-year S$7.4m operating profit from rail would have been a S$9.6m loss if not for net property tax refund
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Singapore
TRANSPORT operator SMRT Corporation on Thursday posted a 27.6 per cent rise in fourth-quarter net profit to S$26.6 million. This lifted net profit for the full year ended March 31 by 20.1 per cent to S$109.3 million, even as rail operations dragged on group earnings.
Revenue for the three months rose 2.8 per cent to S$320 million while other operating income increased 18.3 per cent to S$22.8 million. For the full year, revenue climbed 4.9 per cent to S$1.3 billion while other operating income gained 33.4 per cent at S$77.3 million.
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