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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.