SBS Transit - 1st quarter results is out. Total Revenue is down 4.7 percent to 373.81m, Operating Profit is up 0.4 percent to 17.32m, Net profit is down 6.2 percent to 14.94m. I think results is not bad! The lowered revenue might be due to losing the Jurong bus package.
Good news is they are tendering for the Tampines bus package which will be known in July 2025.
Both ridership was up for both DTL and NEL.
Healthy Balance sheet with Net cash position. No debts.
Cash on hands 385.45m. Huge amounts of cash earning nice interest.
1st Half Results, I think interim dividend will be the same as last year !
Pls dyodd.
https://sporeshare.blogspot.com/2025/05/sbs-transit-1st-quarter-results-is-out.html
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