Group revenue over the quarter grew 7% to $287.8 million from $269 million previously due mainly to a 8.4% increase in revenue from the public transport services segment to $274.4 million as the group’s bus services registered higher contributions with the transition to the bus contracting model (BCM) as well as higher ridership from its rail services sub-segment.
SINGAPORE (Aug 10): Transport operator SBS Transit has announced earnings of $12.7 million for the 2Q17 ended June, representing a 75.3% increase from its earnings of $7.2 million in 2Q16 on higher revenue.
This brings the group’s earnings for 1H17 up 49.6% to $22.9 million compared to $15.3 million in 1H16.
