Originally posted by Chester_Lim:Take off your clothes lor
You crazy or what. Got ppl in there leh!
Part of SMRT cost cutting measures, the expansion of train rides have eat into their profit so they need to reduce cost.
May 1, 2010
SMRT's Q4 profit falls 41.4% to $22.7m on higher costs
By SAMUEL EE
SMRT Corp's net profit for the fourth quarter ended March 31, 2010, slipped 41.4 per cent to $22.7 million on higher staff expenses and repair and maintenance costs, as well as an increase in income tax. But Q4 revenue climbed 3.7 per cent to $225.1 million on higher train ridership.
The higher staff costs were due to the opening of the Circle Line. Stage 3 of this new orbital line was opened for operations in May 2009, followed by Stages 1 and 2 in April 2010. SMRT said the rest of the Circle Line - Stages 4 and 5 - will open in 2011.
Earnings per share for the fourth quarter was 1.5 cents - down from 2.5 cents in the same quarter a year ago. For the full year, net profit for Singapore's biggest rail operator rose a marginal 0.1 per cent to $162.9 million while full-year revenue inched up 1.8 per cent to $895.1 million. Operating income was higher and the company benefited from the government's budget measures, lower energy costs and lower other operating expenses.
FY2010's earnings per share was unchanged at 10.7 cents. A final ordinary dividend of 6.75 cents per share has been proposed, bringing the total dividend for the year to 8.5 cents. 'SMRT has achieved a satisfactory net profit of $162.9 million despite the fare reduction,' said SMRT president and CEO Saw Phaik Hwa. She said train ridership for FY2010 had increased 5.2 per cent as compared with a year earlier. 'We expect the recovery of the Singapore economy and the progressive opening of Circle Line stages to continue to contribute to the increase in ridership,' Ms Saw added.
During FY2010, revenue from train operations rose 1.4 per cent to $480.7 million due mainly to higher MRT ridership from the North-South and East-West lines and contribution from Circle Line Stage 3. Total ridership for the full year had risen 5.2 per cent to 536.6 million. But the revenue increase was partially offset by lower average MRT fare.
Operating profit was 0.6 per cent lower at $129.7 million, mostly because of higher repair and maintenance costs, staff and related expenses and electricity costs. SMRT also runs a smaller fleet of buses and taxis. Its FY2010 revenue from bus operations slipped 3.6 per cent to $199.7 million mainly because of the lower average fare. A lower operating loss of $1.9 million was incurred compared with $4.9 million the previous year mainly due to lower diesel cost, although this was partially offset by the provision for the fuel equalisation account.
The group's taxi operations posted 1.0 per cent less revenue of $71 million. Operating profit returned to the black with $1.8 million against an operating loss of $6.3 million a year ago. Two other businesses also showed strong gains - rental, and engineering and other services. Rental revenue jumped 13 per cent to $65 million as a result of better yield and expanded space following the redevelopment of MRT stations.
Operating profit was up 9.4 per cent at $50.8 million. Revenue for engineering and other services jumped 29.8 per cent to $47.3 million on improved consultancy revenue, partially offset by lower diesel sales to taxi hirers. Operating profit surged 55.9 per cent to $9.9 million but this was partially offset by higher allowance for doubtful debts.
Going forward, Ms Saw said that a 2.5 per cent fare reduction in accordance with the fare formula would be applied to the overall fares once the 15-month fare discount of 3 per cent ceases from July 3, 2010. She added: 'In the next 12 months, volatility in energy prices and the cessation of government budget measures as announced in the budget speech 2009 will also impact our profitability.'
Remember - Our public transport is about making PROFIT!
I think SMRT wants to be savy
loved refub C151..damm cool
Anyway, why can't SMRT let TO control A/C like SL can control A/C like that???
Originally posted by ahtansh:Part of SMRT cost cutting measures, the expansion of train rides have eat into their profit so they need to reduce cost.
May 1, 2010
SMRT's Q4 profit falls 41.4% to $22.7m on higher costs
By SAMUEL EE
SMRT Corp's net profit for the fourth quarter ended March 31, 2010, slipped 41.4 per cent to $22.7 million on higher staff expenses and repair and maintenance costs, as well as an increase in income tax. But Q4 revenue climbed 3.7 per cent to $225.1 million on higher train ridership.
The higher staff costs were due to the opening of the Circle Line. Stage 3 of this new orbital line was opened for operations in May 2009, followed by Stages 1 and 2 in April 2010. SMRT said the rest of the Circle Line - Stages 4 and 5 - will open in 2011.
Earnings per share for the fourth quarter was 1.5 cents - down from 2.5 cents in the same quarter a year ago. For the full year, net profit for Singapore's biggest rail operator rose a marginal 0.1 per cent to $162.9 million while full-year revenue inched up 1.8 per cent to $895.1 million. Operating income was higher and the company benefited from the government's budget measures, lower energy costs and lower other operating expenses.
FY2010's earnings per share was unchanged at 10.7 cents. A final ordinary dividend of 6.75 cents per share has been proposed, bringing the total dividend for the year to 8.5 cents. 'SMRT has achieved a satisfactory net profit of $162.9 million despite the fare reduction,' said SMRT president and CEO Saw Phaik Hwa. She said train ridership for FY2010 had increased 5.2 per cent as compared with a year earlier. 'We expect the recovery of the Singapore economy and the progressive opening of Circle Line stages to continue to contribute to the increase in ridership,' Ms Saw added.
During FY2010, revenue from train operations rose 1.4 per cent to $480.7 million due mainly to higher MRT ridership from the North-South and East-West lines and contribution from Circle Line Stage 3. Total ridership for the full year had risen 5.2 per cent to 536.6 million. But the revenue increase was partially offset by lower average MRT fare.
Operating profit was 0.6 per cent lower at $129.7 million, mostly because of higher repair and maintenance costs, staff and related expenses and electricity costs. SMRT also runs a smaller fleet of buses and taxis. Its FY2010 revenue from bus operations slipped 3.6 per cent to $199.7 million mainly because of the lower average fare. A lower operating loss of $1.9 million was incurred compared with $4.9 million the previous year mainly due to lower diesel cost, although this was partially offset by the provision for the fuel equalisation account.
The group's taxi operations posted 1.0 per cent less revenue of $71 million. Operating profit returned to the black with $1.8 million against an operating loss of $6.3 million a year ago. Two other businesses also showed strong gains - rental, and engineering and other services. Rental revenue jumped 13 per cent to $65 million as a result of better yield and expanded space following the redevelopment of MRT stations.
Operating profit was up 9.4 per cent at $50.8 million. Revenue for engineering and other services jumped 29.8 per cent to $47.3 million on improved consultancy revenue, partially offset by lower diesel sales to taxi hirers. Operating profit surged 55.9 per cent to $9.9 million but this was partially offset by higher allowance for doubtful debts.
Going forward, Ms Saw said that a 2.5 per cent fare reduction in accordance with the fare formula would be applied to the overall fares once the 15-month fare discount of 3 per cent ceases from July 3, 2010. She added: 'In the next 12 months, volatility in energy prices and the cessation of government budget measures as announced in the budget speech 2009 will also impact our profitability.'
Remember - Our public transport is about making PROFIT!
To that red word, well, I learn Economics in school. Public transport is a public good, moreover SMRT is a public corporation, which means they are more concentrated on providing service than earning profit. I think they are just being eco-friendly, NOT on earning as much profit as possible.
Originally posted by Apalis56:To that red word, well, I learn Economics in school. Public transport is a public good, moreover SMRT is a public corporation, which means they are more concentrated on providing service than earning profit. I think they are just being eco-friendly, NOT on earning as much profit as possible.
Well, but they have to explain to their shareholders as well. Sometimes, they raise fares when there is a few millions of profit, so how say leh? Theory = / = practical in real-life.
Originally posted by Fcukpap:air-conditioning in MRT system should have some kind of optimum temp. usually around 24 deg for sufficient comfort and concurrently to conserve energy....
in most systems, the air vents should be operating with two speed axial fans and auto adjusted based on the train load - but of course with more people in the train...less air con and should be adjusted with those line flow to improve circulation in the cabins. Again this is subjected to other factors perhaps like pegging temp. at certain degrees regardless of comfort to conserve energy; or line flow fans not well maintained i.e. somewhere choked...etc. many reasons...
24 degrees + 10?
Yah,it's hot in mrt nowadays.
Today I sat 321/322 and barely felt the air-con at all!
I think now it's the very hot season, not even the train's AC can cool us...... Although other factors like above ground / below ground and the amount of passengers also count.
Originally posted by SBS7322B:I think now it's the very hot season, not even the train's AC can cool us...... Although other factors like above ground / below ground and the amount of passengers also count.
Yea. Last Time I use to feel that the MRT Air Con is just nice for Sleeping Until i overshot bedok Stations and Went To Tanah Merah. The Aircon was so nice and i slept while leaning at the side of the doors +_+ Woke Up when the train announced Next Station Tanah Merah Interchange (i was like OMG) =X
Now Aircon like Fan Some time dun even hab wind
005/006, how come the aircon is like no power,
thats applies to some ccl trains
Last time I took 321/322 from Woodlands to Bishan,there was air-con at first.Then,when it arrived at Yishun,the air-con,all of a sudden,stopped working!I did not know how had this happened.
at least better than innova jc, aircon will be off 10 min before and after lectures. temperature in innova's lecture theaters are warmer than other jcs and when the aircon is switched off it gets real stuffy. it's damn hot nowdays yet they implement such drastic measures to save cost.
well done.
Noticed some 2006 manufactured C830 are getting stuffy.
we need to ask SMRT why need to conserve aircon at the expense of the passengers. does SMRT consider passenger's comfort, besides safety is not a core value for them?
005/006, 011/012, 015/016, 027/028, 325/326, 313/314
Aircon are found to be too WARM
To know if the air con is working, put your hand near the vent.
If you do feel the cold air, means the heat is due to external factors like weather.
Air ventilation means if someone is smelly, whole train gets smelly.
Originally posted by sinicker:that's how they got their
Most Eco-Friendly Transport Planner
Land Transport Excellence Awards 2010
Most Energy Efficient Metro
The Metros Awards 2010
Most Energy Efficient Metro
The Metro Awards, MetroRail 2009
Best Passenger Experience
The Metros Awards, MetroRail 2008
Make sense..... "GO green with SMRT"
Originally posted by SBS7322B:Noticed some 2006 manufactured C830 are getting stuffy.
SBST's C751A currently no problems. Train is much more cooler then station....EPIC! :)
Originally posted by Call4ljw:To know if the air con is working, put your hand near the vent.
If you do feel the cold air, means the heat is due to external factors like weather.
Air ventilation means if someone is smelly, whole train gets smelly.
no wonder I feel the trains are so smelly inside. dunno if there is a correlation to those foreign labourers taking mrt.
Crude Oil goes up... Operation Cost goes up, Our Fares also goes up and up (what goes up, never comes down).... oops.. only the air-conditional comes down.... hehehe.. CUT COST !!!!
Originally posted by Rooney9:no wonder I feel the trains are so smelly inside. dunno if there is a correlation to those foreign labourers taking mrt.
I find the Aircon varying in C151 cars. Like in the motor cars, they are cool but when I walk to the Driving Trailer it's so stuffy.
Originally posted by Just_do_it_lah:Crude Oil goes up... Operation Cost goes up, Our Fares also goes up and up (what goes up, never comes down).... oops.. only the air-conditional comes down.... hehehe.. CUT COST !!!!
our wages not up or down, but stagnant and constant
Originally posted by Rooney9:our wages not up or down, but stagnant and constant
Having a job is a bonus right now bro... even how govt said that how economy has recovered..time for govt to increase taxes... GST going higher & higher.. to 10%(objective) .... but .... ( the next crisis will be here soon.. Greece is currently preparing themselves for a big recession to last for years... Portugal will be next, EU countries Mega Meltdown ) ... another Financial Crisis.... So, don't expect the Red Devils to buy Big to get a partner for you... Ronney.. hehe