hyenergix
31-07-13, 18:52
SMRT's Q1 profit plunges 55.2%
By Joyce Hooi (http://www.businesstimes.com.sg/reporter/joyce-hooi)
Published July 30, 2013
SMRT Corporation's first-quarter net profit plunged 55.2 per cent to S$16.3 million on higher costs, the group revealed after the market closed on Tuesday.
Revenue for the same period ended June 30, 2013 inched up 3.5 per cent to S$284.8 million, but operating expenses grew 11 per cent to S$272.1 million, while finance costs almost tripled to S$2.6 million.
Earnings per share for the group stood at 1.1 Singapore cents for the quarter, down from 2.4 Singapore cents during the corresponding period the year before.
The group's counter closed half a cent lower at S$1.43, before it released the results.
http://www.businesstimes.com.sg/breaking-news/singapore/smrts-q1-profit-plunges-552-20130730
$1.1 billion bus improvement plan about a quarter way in
By Christopher Tan
Published on Apr 01, 2013
A total of 143 new buses have been put on the road since the Government's $1.1 billion Bus Service Enhancement Programme (BSEP) kicked off last September.
In giving the update on Monday, the Land Transport Authority said 93 bus services have been improved as a result, and that commuters in many parts of Singapore should experience better service. Of the 93 improved routes, 41 were made between January and March. These were improved routes are found in areas such as Bukit Merah, Novena, Telok Blangah, Toa Payoh and Woodlands.
The number is about a quarter of the 550 additional buses promised under the BSEP. The programme is to be funded by tax revenue, and the cost includes operating expenses for 10 years, including driver salaries.
Transport Minister Lui Tuck Yew has said the Government spending money to improve bus travel as it currently seen by many as being less speedy and predictable than rail.
http://www.straitstimes.com/breaking-news/singapore/story/11-billion-bus-improvement-plan-about-quarter-way-20130401
By Joyce Hooi (http://www.businesstimes.com.sg/reporter/joyce-hooi)
Published July 30, 2013
SMRT Corporation's first-quarter net profit plunged 55.2 per cent to S$16.3 million on higher costs, the group revealed after the market closed on Tuesday.
Revenue for the same period ended June 30, 2013 inched up 3.5 per cent to S$284.8 million, but operating expenses grew 11 per cent to S$272.1 million, while finance costs almost tripled to S$2.6 million.
Earnings per share for the group stood at 1.1 Singapore cents for the quarter, down from 2.4 Singapore cents during the corresponding period the year before.
The group's counter closed half a cent lower at S$1.43, before it released the results.
http://www.businesstimes.com.sg/breaking-news/singapore/smrts-q1-profit-plunges-552-20130730
$1.1 billion bus improvement plan about a quarter way in
By Christopher Tan
Published on Apr 01, 2013
A total of 143 new buses have been put on the road since the Government's $1.1 billion Bus Service Enhancement Programme (BSEP) kicked off last September.
In giving the update on Monday, the Land Transport Authority said 93 bus services have been improved as a result, and that commuters in many parts of Singapore should experience better service. Of the 93 improved routes, 41 were made between January and March. These were improved routes are found in areas such as Bukit Merah, Novena, Telok Blangah, Toa Payoh and Woodlands.
The number is about a quarter of the 550 additional buses promised under the BSEP. The programme is to be funded by tax revenue, and the cost includes operating expenses for 10 years, including driver salaries.
Transport Minister Lui Tuck Yew has said the Government spending money to improve bus travel as it currently seen by many as being less speedy and predictable than rail.
http://www.straitstimes.com/breaking-news/singapore/story/11-billion-bus-improvement-plan-about-quarter-way-20130401