SBS Transit
SBS Transit Ltd is a multi-modal public transport operator in Singapore operating bus and rail services.
Desmond Choo resigns as Independent Director of SBS Transit
Desmond Choo resigns as Independent Director of SBS Transit
This follows his appointment as Minister of State for Defence on 23 May.
SBS Transit pioneers smart bus braking system in Singapore
The project is scheduled for a pilot launch in H1 2026.
SBS Transit net profits dips 6.2% in Q1 2025
The group reported a revenue of $373.81m.
SBS Transit’s net profit up 1.8% YoY to $70.3m in 2024 on more passengers
Operating costs rose 2.5%, whilst EBTIDA fell 4.3%.
SBS Transit to launch new feeder service in Tampines
The service will commence operations on 9 December.
Buangkok Bus Interchange opens 1 December
It will initially operate bus services 110, 114, and 156.
SBS Transit, Motorola Solutions ink $14m long-term contract for radio support
It will support and strengthen Motorola Solutions’ TETRA radio system.
SBS Transit and Siemens Mobility ink contracts for Downtown Line signalling support
Siemens Mobility will repair components, analyse failure trends, and manage obsolescence.
Higher revenue drives SBS profit up 7.5% YoY in 1Q24
Revenue for the period was 6.6% YoY higher.
SBS Transit’s net profit rises 1.5% YoY to $69.1m in FY23
With improved profit, the company recorded a 1.6% higher earnings per share.
7% fare hike to hit bus and train commuters in SG
In tandem, PTC required SBS Transit and SMRT to make larger contributions to the Public Transport Fund.
SBS Transit bags Bukit Merah Bus Package operation
The five-year contract will start in April 2024.
SBS Transit reports operating profit of $38.17m for H1 2021
This is an 18.5% increase compared to this period in the previous year.
SBS Transit appoints Evelyn Tan Poh Choo as CFO
She will replace replace Linda Ng Yew Lin who has voluntarily resigned.
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