SMRT's Q2 profit jumps 75.5% to S$25.3m

SMRT Corp's net profit spiked up 75.5 per cent to S$25.3 million for the second quarter ended Sept 30 on improved performance in its train and bus operations, as well as higher profitability from its taxi, rental and advertising businesses.

Second-quarter revenue was 6.0 per cent higher at S$314.0 million compared to the same period a year ago.

Q2 earnings per share rose to 1.7 Singapore cents, up from 0.9 cent in the previous corresponding period.