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%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »

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.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »

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.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »