SBS Transit’s profit jumped 46.5% to $7.8m in Q3 on back of higher fares

Average daily ridership also increased.

Mainboard-listed rail and bus operator SBS Transit reported a 46.5% jump in its operating profit for the third quarter, on back of higher revenues from both its rail and bus segments.

SBS Transit’s profit grew to $7.8m from $5.3m in the same period last year, while its revenue climbed 13.6% to $248.5m from $218.5m.

Revenue from its bus segment grew 11.8% year-on-year to $197.6m, due mainly to the increases in average daily ridership and average fare, higher advertising sales, higher rental from renewals and higher other operating income. Its average daily bus ridership increased by 3.1% to 2.8m passenger trips for the quarter.

Meanwhile, revenue from its rail business grew 21.3% to $51m ue to the commencement of Downtown Line (DTL) 1 operations, increases in average daily ridership and average fare, higher advertising sales and higher rental from new shops.

For the third quarter, average daily ridership for the North-East Line grew by 7.1% to 527k passenger trips and that for the Light Rail Transit went up by 9.5% to 89k passenger trips. Average daily ridership for DTL1 was 68k passenger trips.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia