SBS Transit reports 32% rise in earnings to $68m on back of higher ridership

  • 📰 straits_times
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 69%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

SINGAPORE - Listed land transport operator SBS Transit (SBST) posted a 31.7 per cent increase in full-year earnings for the year ended Dec 31, 2022 to $68 million. Read more at straitstimes.com.

SINGAPORE - Listed land transport operator SBS Transit posted a 31.7 per cent increase in full-year earnings for the year ended Dec 31, 2022 to $68 million.

Rail ridership and bus mileage rose as more people returned to work after most Covid-19 restrictions were lifted from April 2022. In the second half of the year, average daily ridership for the North-East Line grew by 47.3 per cent to 527,000 trips, while that for the Sengkang-Punggol LRT rose by 37.4 per cent to 144,000. Average ridership for the Downtown Line grew by 63.2 per cent to 404,000 trips a day.

On the whole, SBST posted net earnings per share for the year of 21.81 cents, up from 16.56 in 2021. Asset value per share stood at $2.07, versus $1.93. Cashflow remained strong, with cash and equivalents shooting up by 69.2 per cent to $345.3 million.Cheng Siak Kian on Jan 1, said: “As Singapore moves closer to pre-pandemic normalcy, we expect demand for our services to grow, but we are mindful of the increased cost pressures from manpower and electricity.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

SBS Transit reports 32% rise in earnings to $68m on back of higher fares

LimGoHome

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Rental prices in Singapore surpass Hong Kong, the world's most expensive housing market - Singapore NewsThe rise in rental prices could curtail Singapore's advantage in luring global talent.
Herkunft: IndependentSG - 🏆 9. / 63 Weiterlesen »