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SMRT's 2017 after-tax profit sinks 68%

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Published Tue, Mar 27, 2018 · 09:50 PM

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Singapore

TEMASEK-OWNED rail operator SMRT Corp has posted a sharp drop in earnings as it continues to ramp up resources to catch up with repairs and maintenance works.

In its latest group review released on Tuesday, the group stated that its 2017 after-tax profit fell 67.9 per cent from S$81 million in 2016 to to S$26 million last year, possibly a two-decade low.

SMRT

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