http://www.sbstransit.com.sg/download/SBST3Q2010.pdf
EBIT/ Op Profit for bus is $3m.
a margin of 2% of revenue
Third Quarter 2010 Financial Statements
Group revenue of $184.9m for 3Q10 increased by 6.0% (or $10.6m)
from $174.3m in 3Q09 due mainly to higher bus and rail fare revenue and higher advertisement
revenue.
Revenue from Bus Operations
for 3Q10 at $140.2m was higher by 2.9% or $3.9m due mainly to the
increase in average
daily ridership of 5.7% as compared to 3Q09. Operating profit for
3Q10 of $3.0m increased by 91.4% or $1.4m from $1.6m in 3Q09 due mainly to
higher bus fare revenue and lower repairs and maintenance costs,
partially offset by
higher premises costs, higher depreciation expense and higher other
operating expenses.
REVIEW OF GROUP PERFORMANCE
Operating expenses of $169.1m for 3Q10 increased by 4.1% or
$6.7m from $162.4m in 3Q09 due mainly to higher premises costs, higher fuel and electricity
costs, higher depreciation expense and higher other operating
expenses, partially
offset by lower repairs and maintenance costs. The significant
increase in premises costs was due mainly
to the higher
maintenance including security fencing costs and the absence of the
rebates from Singapore Government
