Companies had started reporting their financial results for the quarter covering 1 Jan to 31 March 2012 (First Quarter 2012).
The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2012 against corresponding period of 2011.
|Net Profits||Y-o-Y Change||Dividend|
|ComfortDelgro||$53.5 m||+ 6.8%||Nil|
|SBS Transit||$4.8 m||– 59.2%||Nil|
|SMRT||$13.9 m||– 59.0%||5.7 cents|
Net profit of SBS Transit (that operates SBS buses, North-East MRT Line and LRT) was reduced by 59.2%. Manpower cost, fuel cost and maintenance cost were major expenses that reduce operating profits.
ComfortDelgro which is the parent company of SBS Transit Ltd and has operations in seven countries, namely Singapore, UK, Australia, China, Ireland, Vietnam, and Malaysia, turned in a better performance for the quarter. Its net profit attributable to shareholders rose 6.8% to $53.5 million. In contrast, SMRT’s net profit declined by 59.0% to $13.9m. No interim dividend was proposed for ComfortDelgro.
Copyright © 2012, limkimtong for Living Investment
The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.