SMRT makes outstanding profits - 20.1% rise.

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

Excellent results for Temasek. All the cost cutting initiatives have paid off. I won't be surprised these savings would be reduced maintenance, less training, reduced safety reviews and assessment etc.

And again similar to Saw, the profits have been coming from non-rail business. Ever wonder why the focus for both CEOs have been non-rail business.

SMRT full-year profit grows 20% to cross $100m again
SMRT Corp posted a 20.1 per cent rise in net earnings for the year ended March 31.

http://www.straitstimes.com/singapor...oss-100m-again
Quote:
PUBLISHED1 HOUR AGO

Christopher TanSenior Transport Correspondent
SINGAPORE - Transport operator SMRT Corp posted a 20.1 per cent rise in net earnings to $109.3 million for the year ended March 31.

The profit attributable to shareholders came on the back of a 6.2 per cent rise in revenue to $1.37 billion, and a 5.4 per cent increase in operating expenses to $1.24 billion.

Earnings per share for the 12 months stood at 7.17 cents while EBITDA margin improved to 26.4 per cent, from 25.4 previously.

SMRT directors are declaring a final dividend of 2.5 cents per share, up from 1.75 last year.

Group CEO Desmond Kuek said: "The group's overall earnings has been supported by better performance in our non-rail businesses, and we will continue to pursue sustainable growth in line with our core competencies as a multi-modal transportation group."




Click here to view the whole thread at www.sammyboy.com.