However, the losses were minimised due to higher rail fare revenue. Other commercial services also saw a growth in revenue mainly due to more advertising revenue.
SBS Transit has reported earnings of $15.94 million for 1QFY2025 ended March 31, 2025, down 6.2% y-o-y.
The transport operator’s revenue came in 4.7% y-o-y lower for the quarter at $373.81 million due to lower service fee for buses which was a product of the company losing Jurong West package from September.
