Home Capital Results

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
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now