SBS Transit's Profit After Tax Up 2% in Q3

MT Newswires

2024/11/11

SBS Transit's (SGX:S61) profit after tax rose 1.7% in the third quarter to SG$18.2 million from SG$17.9 million in the year-ago period, according to a filing with the Singapore Exchange on Friday.

EBITDA was down 5.5% year over year to SG$40.1 million from SG$42.3 million, the filing said.

Revenue was up 2.1% to SG$396.1 million from SG$387.8 million, due to higher average fare in public transport services and income arising from increase of digital screens for advertisement.

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