<a href="https://www.theedgesingapore.com/tags/sbs-transit" target="_blank">SBS Transit</a> reported 3.4% q-o-q growth in revenue to clock $334.85 million in 3QFY2021 ended September.

Profit after tax increased slightly, up 5.2% q-o-q, to $13.86 million. Operating profit came in at $0.17m before government relief.

Meanwhile, operating costs rose to $320.75 million from $310.57 million in the previous quarter.

<hr/>See: <a href="https://www.theedgesingapore.com/billion-dollar-club/billion-dollar-club-2021/sbs-transit-rolls-overall-sector-win-penguin" target="_blank">SBS Transit rolls on with overall sector win; Penguin International leads in shareholders’ returns</a><hr/>

Government reliefs are tapering off in 2021, notes SBS Transit in its 3QFY2021 business update on Nov 11. SBS Transit received $13.93 million in government reliefs for the quarter, down from $16.02 million in the previous quarter.

SBS Transit's total assets as at the end fo September came in at $1,137.39 million, a 0.2% decrease from Dec 31, 2020.

See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/capital/results/ihh-healthcare-doubles-earnings-rm5321-mil-3qfy2023?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>IHH Healthcare doubles earnings to RM532.1 mil for 3QFY2023</a>

Meanwhile, total liabilities shrank 2.7% over the same period to $537.60 million.

Total equity grew 2.2% over the same period to $599.79 million.

Net cash position (excluding the finance leases) as at Sept 30 is $189.6 million, compared to $85.6 million as at Dec 31, 2020.

See also: <a class='gtm_see_also_2_inread' style='text-decoration: underline;' href='/capital/results/kimly-earnings-72-y-o-y-365-mil-fy2023-confectionery-business-disposal?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Kimly earnings up 7.2% y-o-y to $36.5 mil for FY2023 from confectionery business disposal</a>

SBS Transit says it has $500 million of available cash and bank facilities undrawn to underpin the continuity of the business.

For more stories about where the money flows, <a href="https://www.theedgesingapore.com/section/capital" target="_blank">click here for our Capital section</a>

"With the current Covid-19 restrictions being extended toNov 21 and working from home remaining as the default mode, rail ridership recovery is expected to be slow," adds SBS Transit.

Shares in SBS Transit closed 1 cent lower, or 0.33% down, at $2.98 on Nov 11.

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