SMRT swings back to $16.9m profit in Q4

Singapore

SMRT Corp trundled to a $16.9 million net profit for the fourth quarter ended March 31, 2014, from a $12 million loss for the same period a year ago, thanks to its stronger non-fare business and smaller losses from bus operations.

Revenue was 2.9 per cent higher at $289.5 million on higher contribution from its rail, bus and non-fare businesses.