SMRT bus business hammered by higher costs

3 May 2012 - Singapore Business Review
Revenue is increasing at a respectable 5% pace but faster-rising operating expenses are eating up potential profits. This led to the SMRT's ancillary businesses to contribute about half of the opertaing profits for the past recorded quarter, a ration that could balloon as SMRT seeks to increase rental ...
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SMRT's earnings derailed by repair and maintenance

2 May 2012 - Singapore Business Review
The reported earnings of SG$141.5m for FY2012 was not so bad, if only it did not represent a dip of 12%. Rental and advertising profit was up 11%, but escalating energy, staff and depreciation costs further plague SMRT's operating profit. Here's more from Maybank Kim Eng Singapore: SMRT reported core ...
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SMRT’s apology to cost S$900m

25 Apr 2012 - Singapore Business Review
Following service disruptions that inconvenienced commuters, SMRT announced its assets renewal and upgrading plans. Mr Tan Ek Kia, SMRT Executive Director and Interim Chief Executive Officer, said the company has been working hard to address the causes of recent disruptions, and is embarking on a major ...
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Peril up ahead for SMRT?

9 Apr 2012 - Singapore Business Review
The upswing in fuel costs and rise in personnel demand may cause SMRT to plow through rough tracks. OCBC reports that SMRT may see its weakest quarterly performance for FY12, but its growing ridership keeps the outlook positive. Here's more from the OCBC Investment Research team: Following our last report ...
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SMRT submits report on service disruption

29 Mar 2012 - Singapore Business Review
It now awaits verdict from government inquiry panel while it implements suggestions from the investigation team to avoid recurrence. Following disruptions to train services in December 2011, the Board of Directors of SMRT Corporation Limited commissioned an Internal Investigation Team (IIT), independent ...
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