Public transport operator SBS Transit has reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $46.1 million for the 3QFY2020 ended September, down 10.3% from the $51.4 million reported a year ago.

Revenue for the quarter fell 17.0% y-o-y to $302.0 million mainly due to lower service fee, lower rail ridership and lower advertising revenue.

Revenue for its Public Transport Services and Other Commercial Services segments fell 15.7% y-o-y and 45.5% y-o-y for the 3QFY2020.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook