The Alternative View using a video of foreign kids trying to get into a crowded train to stir xenophobia and to attack the Government? The fact that SBS Transit made 88% profits last year was due to the opening of Downtown Line 2 and the drop in fuel and power cost! Not like what they claimed it was due to the massive import of foreign talents!
- http://www.straitstimes.com/singapore/transport/rail-trips-help-drive-sbst-profit-up-88Bus and rail operator SBS Transit reported a net profit after tax of $31.4 million for the full year ended Dec 31 – 88 per cent more than what it posted in the previous year.
SBST’s performance was bolstered by higher rail ridership with the opening of Downtown Line 2 as well as a 27 per cent drop in fuel and power cost – its biggest cost component.
Total expenses, however, still ended 5.8 per cent higher at $1.06 billion, which was more than offset by revenue growing by 7.3 per cent to $1.1 billion.