SBS Transit's (SGX:S61) profit after tax for the first quarter of the year fell 6.2% to SG$15.9 million from SG$17.0 million a year earlier, according to a Friday filing with the Singapore Exchange.
Revenue declined 4.7% year over year to SG$373.8 million from SG$392.1 million, mainly due to lower revenue from public transportation services, which was offset marginally by other commercial services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.