Bus profit reported at $0.5m
thought revenue went up with DBTF?
Originally posted by ^tamago^:thought revenue went up with DBTF?
report says fuel and new bus cost killed most of e profits.
NEL benefitted
Avg bus fare is now 55.44c
Last yr it was 58.75c
ahhhhh jus saw the report.
If only SBS waited after the financial crisis to replace buses...
Originally posted by Y_Shun:If only SBS waited after the financial crisis to replace buses...
wont make much difference in the original cost of buses...the main factor is still the yearly depreciation cost... the depreciation cost for the 700 old merc are 0 from 12 years onwards..... so imagine 700 KUB depreciation cost will definitely weight in on the profit.. now with more B9 wright came in , their cost is going up somemore.....
their average fares definitely will be lower with DBTF... i took 5 trips of buses from AMK to Funan and back to AMK and pay only S$1.74...
Let's wait for Q2 to get a clearer picture.