This was however offset in part by lower average rail fare from the fare reduction effective end 2016, as well as lower other operating income.
SINGAPORE (Nov 9): SBS Transit posted $11.1 million in earnings for the 3Q ended Sept, representing a 42.1% increase from $7.8 million in the same period a year ago.
Group revenue grew 7.4% to $295 million from $274.7 million in 3Q16, with higher revenue from its Public Transport Services segment due to increased contributions from bus services as a result of the transition to the Bus Contracting Model (BCM) and higher ridership from rail services.
