SBS Transit posts 77.5% increase in 3Q earnings to $19.7 mil on higher revenue

SINGAPORE (Nov 8): SBS Transit reported a 77.5% rise in 3Q18 earnings to $19.7 million from $11.1 million in 3Q17.

This brings 9M18 earnings to $55.9 million, 64.2% higher than $34.1 million in 9M17.

Revenue for the quarter was 19.1% higher at $351.4 million from $295.0 million a year ago, mainly due to increased revenue contribution from the group’s Public Transport Services segment.

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