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SBS Transit 1QFY2024 earnings up 7.5% y-o-y on higher fare revenue

The Edge Singapore
The Edge Singapore  • 1 min read
SBS Transit 1QFY2024 earnings up 7.5% y-o-y on higher fare revenue
Photo: Albert Chua
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SBS Transit has reported earnings of $17 million for 1QFY2024, up 7.5% y-o-y. Revenue in the same period was up 6.6% y-o-y to $392.1 million, according to the transport operator in its business update for the three months ended March.

SBS Transit attributes the higher revenue to higher average fare and ridership.

The company, which manages a network of outdoor advertising platforms, collected higher revenue of $0.65 million.

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