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SBS Transit sees 2Q earnings rise 19% to $7.3 mil

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SBS Transit sees 2Q earnings rise 19% to $7.3 mil

PC Lee Published on Thu, Aug 11, 2016 / 7:36 PM GMT+8

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SINGAPORE (Aug 11): Transport operator SBS Transit reported a 19% rise in 2Q earnings to $7.25 million, or 2.34 cents per share, from a year ago.

Revenue for the three months to June rose 5.6% to $269 million, led by higher revenue from its rail business.

Revenue from the rail was 24.6% higher at $65.1 million due to higher average daily ridership after the start of revenue service of Downtown Line 2.

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