I also dunno why SMRT buses division are claiming to be having
losses.
Here's what was quoted from its annual report.
"Revenue from Bus operations increased 5.3% to $50.9 million in
1QFY09. Bus, however, posted an operating loss of $3.3 million in
1QFY09 due mainly to higher diesel costs."
Its MRT business, though, are have a brisk in
profits. Hence, overall... SMRT remains profitable and its
share price in SGX remains strong and bullish.
In fact, "SMRT announced that net profit
grew 6.2% to $40.3M for
the 1st quarter of FY2009."
More details at: http://www.smrt.com.sg/Upload/2008725178044271.pdf.
Net Profit could be from their trains/other svcs. Only one
division making a loss wouldn't cause your net profit to be
negative, unless its really that extreme lah.
