$4.50 for NR very expensive
4 ppl already $18.. can take taxi also cheaper better faster
from BT
By YEO AIQI
SMRT Corporation Ltd on Friday announced that its net profit for
second quarter ended Sep 30, 2011 fell by 25.6 per cent to S$34.1
million compared to a year ago.
This is despite a 6.1 per cent increase in its revenue to S$261.12
million from a year ago.
For 1H FY2012, its net profit fell by 18 per cent to S$68.92
million from a year ago. Its revenue increased by 6.8 per cent to
S$481.36 million from a year ago.
Group revenue increased due mainly to higher MRT and Bus
ridership, contribution from Circle Line, higher taxi rental
revenue, increase in external fleet maintenance revenue and higher
rental and advertising revenue, partially offset by lower average
fare for MRT and Bus.
Cash dividend remains the same as previous corresponding period
at 1.75 cents per ordinary share. The interim dividend will be paid
on Nov 30, 2011 to members on the Register as at Nov 16, 2011.
Going forward, group revenue is expected to be higher in 3Q
FY2012 and the next 12 months due to expected increase in
ridership.
However, increasing cost pressures particularly energy costs and
staff and related costs are expected to impact SMRT's performance
in 3Q FY2012 and the next 12 months. Hence SMRT warns that
profitability in FY2012 may not be maintained at previous year's
level.
