SBS Transit

[greengiraffe]

http://www.businesstimes.com.sg/premium/...2-20140813

PUBLISHED AUGUST 13, 2014
SBS Transit's Q2 net profit up 57.2%

BYMINDY TAN
tanmindy@sph.com.sg @MindyTanBT

Daily ridership up: Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously. - FILE PHOTO
SBS Transit's second-quarter net profit rose 57.2 per cent to S$4.96 million, from S$3.16 million a year ago.
A tax-exempt one-tier interim dividend of 1.25 cents per ordinary share was declared, payable on Aug 27. This compares with 0.90 cent for the previous corresponding period.
For the quarter under review, revenue rose 12.3 per cent, from $209.34 million to S$235.13 million.
Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously, as a result of an increase in average daily ridership (by 3 per cent to 2.73 million passenger trips) and average fare, higher rental revenue at interchanges, increase in advertising sales and higher other operating income.