SBS Transit

The 4.4% jump in revenue came on the back of higher bus service fees and rail fares which were attributable to an increase in ridership and average fares due to the 2018 fare hike.

SINGAPORE (Dec 20): Transport operators in Singapore have been battered by low public-transport fares as well as the entry of another ride hailing startup, Gojek.

SINGAPORE (Nov 12): SBS Transit announced that its 3Q19 earnings have slightly increased by 1.5% to $20.0 million from $19.7 million in 3Q18.

SINGAPORE (Oct 9): Public transport operators could see an annual revenue increase of $132.5 million, after the Public Transport Council (PTC) on Tuesday granted the full 7% increase in in fares.

SINGAPORE (Aug 8): Public transport operator SBS Transit saw its earnings jump 24.5% to $24.2 million for the 2Q19 ended June, driven by higher margins.

SINGAPORE (May 20): SBS Transit’s share price is up some 51% this year alone, but despite the surge, the downside may be limited. Here’s why.

SINGAPORE (May 17): SBS Transit’s share price is up some 51% this year alone. But despite the surge, the downside may be limited.

SINGAPORE (May 13): Public transport operator SBS Transit has posted a 23.3% increase in earnings to $20.7 million for the 1Q19 ended March, from $16.8 million a year ago.

SINGAPORE (Feb 12): SBS Transit announced earnings of $80.1 million for FY18, up 70% y-o-y from its FY17 earnings of $47.1 million due to higher revenue.

SINGAPORE (Nov 8): SBS Transit reported a 77.5% rise in 3Q18 earnings to $19.7 million from $11.1 million in 3Q17.