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SBS Transit posts 43% rise in 3Q earnings to $7.8 mil on higher revenue

Michelle Zhu
Michelle Zhu11/10/2016 06:12 PM GMT+08  • 2 min read
SBS Transit posts 43% rise in 3Q earnings to $7.8 mil on higher revenue
SINGAPORE (Nov 10): SBS Transit reported a 43.2% increase in 3Q16 earnings to $7.8 million from $5.5 million in 3Q15.
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SINGAPORE (Nov 10): SBS Transit reported a 43.2% increase in 3Q16 earnings to $7.8 million from $5.5 million in 3Q15.

Revenue grew 4.8% to $274.7 million from $262 million in the previous quarter, mainly driven by its rail segment which reported higher revenue of $69.1 million, up 26.3% from a year ago.

Revenue from the Bus segment fell 0.8% to $205.6 million. Operating profit however increased 35.1% to $9.2 million due mainly to lower fuel costs, lower depreciation and lower other operating costs.

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