Still, it’s safe to assume that its bumped-up frequency continues to lag TRTC’s. And this, to an extent, is reflected in SMRT’s bottomline, which is much heftier than TRTC’s. In FY2008, SMRT’s rail operations saw revenue of $436.9 million. Earnings before interest and tax was $129.3 million. In comparison, TRTC saw approximately $415 million in fare revenue in 2007 and just $41.3 million in pre-tax profit.

 

TRTC is 73.75% owned by the Taipei City Government. The Ministry of Transportation and Communications owns a further 17.14% while the Taipei County Government owns 8.75%. Clearly, public-listed SMRT’s returns on its rail operations are far better for its shareholders than TRTC’s. However, TRTC — which has been profitable every year except its first two — is better for its commuters, who have been inspired to pen a poem or two in praise of their well-regarded metro.

To create link towards this article on your website,
copy and paste the text below in your page.

<style type="text/css"><!--.quote {width:350px; padding: 6px; border: solid 1px #456B8F; font: 10px helvetica, verdana, sans-serif; color: #222222; background-color: #ffffff}.quote a {font: 13px arial, serif; color: #003399; text-decoration: underline}.quote a:hover {color: #FF9900; }//--></style><div class="quote"><a href="http://www.theedgesingapore.com/blog-heads/979-sunita-sue-leng/1254-why-taipeis-mrt-trumps-singapores.html" target="_blank">Why Taipei’s MRT trumps Singapore’s</a><br />Monday, 22 December 2008<div align="right" style="width:350px"><p style="text-align:right;">© 2010 - <a href="http://www.theedgesingapore.com/" target="_blank">The Edge Singapore</a></p></div></div>

Preview :