SBS Transit's Profit Up 7% in H2 2024; Shares Surge 10%

MT Newswires

02-26

SBS Transit's (SGX:S61) attributable profit to shareholders for the second half of 2024 was up 6.8% to SG$36.06 million from SG$34.3 million a year earlier, according to a filing with the Singapore Exchange on Tuesday.

Earnings per share rose to SG$0.2248 compared with SG$0.2215 in the comparable period.

Revenue was down 0.6% year over year to SG$778.4 million from SG$782.8 million, due to lower bus revenue.

Shares of the multi-modal transport company were up nearly 10% in recent trading.

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