News Formal

SBS Transit's Q1 earnings up 23 per cent on better margins from bus contracts

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SINGAPORE - Transport operator SBS Transit (SBST) posted a 23.3 per cent increase in earnings to $20.7 million for the first quarter ended March 31 as better margins from bus contracts continued to flow in.. Read more at straitstimes.com.

SINGAPORE - Transport operator SBS Transit posted a 23.3 per cent increase in earnings to $20.7 million for the first quarter ended March 31 as better margins from bus contracts continued to flow in.

SBST's profit margin before interest, tax and depreciation improved to 14.8 per cent, up from 13.6 per cent in the previous corresponding quarter. It had a net cash outflow of $26.6 million for the quarter, mainly from the repayment of borrowings, funding operating activities, the purchase of vehicles, premises and equipment and the repayment of lease liabilities, partially offset by the new loans raised.

Looking ahead, directors expect transit revenue to continue to grow, with full-year contribution from the Seletar and Bukit Merah government bus contracts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wee Hur Q1 earnings halved on drop in property development incomeMAINBOARD-LISTED property group Wee Hur Holdings' earnings were halved in the first quarter, as turnover from the muted development segment fell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Indonesia Q1 GDP growth misses forecast as investment coolsINDONESIA'S gross domestic product grew more slowly than expected in the first quarter of this year, as investment dropped and prices of its main commodities softened, data from the statistics bureau showed on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Yorkshine Q1 loss widens to US$4m on suspension of businessYORKSHINE Holdings' net loss for the first quarter of fiscal 2019 has widened to US$4.0 million compared to a US$1.3 million loss for the year-ago period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »