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SBS Transit reports 33.5% lower profit after tax of $15.5 mil in 1QFY2022

Felicia Tan
Felicia Tan5/13/2022 7:55 PM GMT+08  • 2 min read
SBS Transit reports 33.5% lower profit after tax of $15.5 mil in 1QFY2022
SBS says it expects rail ridership and other commercial services revenue to improve looking ahead. Photo: SBS Transit
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SBS Transit has reported revenue of $344.07 million for the 1QFY2022 ended March, 8.5% higher than revenue of $316.98 million.

This was due to the higher revenue from the transport operator’s public transport services revenue, and offset by revenue from other commercial services.

The higher public transport services was mainly due to the higher service fee arising from higher fuel indexation and higher other operating income. The higher revenue for the segment was offset by lower mileage.

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