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SMRT Corporation Ltd Issues Q4 2013 And 12 Months Guidance

Tuesday, 29 Jan 2013 05:46am EST 

SMRT Corporation Ltd announced that as the Company is continuing to improve service, reliability and operational performance, the profitability for the Company, in Q4 2013 and the next 12 months will deteriorate due to higher operating costs. The fare business in particular will be impacted. Staff costs for the Train and Bus operations are expected to significantly increase due to increased headcount and market wage adjustments. Depreciation and R&M cost for the Train operations are expected to see an increase with an enlarged train fleet, the taking over of certain operating assets from LTA, and continuing efforts to enhance the service and reliability of an aging fleet and rail network. 

Company Quote

-0.0050 -0.32%
23 Jul 2014