SMRT REPORTS 25.8% GROWTH IN NET PROFIT TO $30M FOR 3Q 2006
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Group Revenue increased 5.2% to $179.1M mainly due to growth in revenue from MRT operations, rental and taxi operations.
SMRT also reported lower operating costs.
Operating profits rose 47.1% to 44.5 million due to stronger operating resultsfrom train and bus operations, rental and advertising, as well as the recovery staff holding costs of $4.4M for the delay of the opening of the circle line.
Good good. With the completion of new shops at tampines,simei , dhoby gaut and pasir ris mrt stations, revenue from shop rentals is expected to contribute almost $26M to the company. -
Lower operating cost?Originally posted by shade343:Group Revenue increased 5.2% to $179.1M mainly due to growth in revenue from MRT operations, rental and taxi operations.
SMRT also reported lower operating costs.
Operating profits rose 47.1% to 44.5 million due to stronger operating resultsfrom train and bus operations, rental and advertising, as well as the recovery staff holding costs of $4.4M for the delay of the opening of the circle line.
Good good. With the completion of new shops at tampines,simei , dhoby gaut and pasir ris mrt stations, revenue from shop rentals is expected to contribute almost $26M to the company.
Yes, but service standard has dropped! Buses skip calling bus stops is getting a norm
Recovery staff holding cost? Meant there was retrenchment!
What abt their buses? -
Bef I forget, SMRT has further reduced number of train running along North South Line, initally was 6 mins, aft SARS became 7 mins, now is 8-10 mins
NEL is 5-6 mins
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This sounds like very good newsOriginally posted by sbst275:Bef I forget, SMRT has further reduced number of train running along North South Line, initally was 6 mins, aft SARS became 7 mins, now is 8-10 mins
NEL is 5-6 mins
More money for the shareholders
Retrenchment? Music to my ears -
Good to investors?Originally posted by shade343:This sounds like very good news
More money for the shareholders
Retrenchment? Music to my ears
I think you are not taking their train that's why
For shareholders, it is best they can remain same frequency and get higher profit? Why? It means there is passenger growth
Anyway, their venture in Indonesia, is failing... They initally took 30% stake, now believed to be only 2% -
I take SMRT train to school everyday.Originally posted by sbst275:Good to investors?
I think you are not taking their train that's why
For shareholders, it is best they can remain same frequency and get higher profit? Why? It means there is passenger growth
Anyway, their venture in Indonesia, is failing... They initally took 30% stake, now believed to be only 2%
What venture you talking about? -
I'm here.
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sbst275 says your company retrench staff. Is that true?Originally posted by Manager433:I'm here. -
Thinking of it, take no use, must see other passengers emotionOriginally posted by shade343:I take SMRT train to school everyday.
What venture you talking about?
Piangz.. You know SMRT so much you dunno abt that Indo JV? -
Me not working for this company lah.Originally posted by shade343:sbst275 says your company retrench staff. Is that true?
And not first time this company retrenched staffs. You mean you don't know meh? Aiyo............coming soon..............be afraid........be very afraid........
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Really? Anyway, they are going to retrench those workers with low qualification I think. SMRT employees consist of a lot of people with just O lvl qualifications.Originally posted by Manager433:Me not working for this company lah.
And not first time this company retrenched staffs. You mean you don't know meh? Aiyo............coming soon..............be afraid........be very afraid........ -
No comments.Originally posted by shade343:Really? Anyway, they are going to retrench those workers with low qualification I think. SMRT employees consist of a lot of people with just O lvl qualifications.
SAF also many O lvl senior specs. Sec 2 qualification also can be a 2WO. Everywhere also the same mah. -
Too obessed with thinking TH co are good in returnsOriginally posted by shade343:Really? Anyway, they are going to retrench those workers with low qualification I think. SMRT employees consist of a lot of people with just O lvl qualifications.
Profit up 26%? It is only because govt gave $6M for the CCL 'delay', if not profit growth is stagnent... By right, SMRT is considered those co that would not give good future returns as it fails to expand overseas unlike ComfortDelGro as far a SG rivals is concerned -
Someone once said: I'M NOT HERE TO DOWNSIZE THE COMPANY
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Whata do? This co is just like the frog sitting in the wellOriginally posted by Manager433:Someone once said: I'M NOT HERE TO DOWNSIZE THE COMPANY -
Its ok. Rental income is exceeding expectations.Originally posted by sbst275:Too obessed with thinking TH co are good in returns
Profit up 26%? It is only because govt gave $6M for the CCL 'delay', if not profit growth is stagnent... By right, SMRT is considered those co that would not give good future returns as it fails to expand overseas unlike ComfortDelGro as far a SG rivals is concerned -
Dun take the rental income took much as eventually this also gets maturedOriginally posted by shade343:Its ok. Rental income is exceeding expectations.
Only way is overseas expansion, SG market is already matured and small -
Ok. But Im sure that they may have a plan some where...anyway, SMRT is a rather defensive stock and has rather low risk...I rather the company remain this way. Low risk, defensive stock, average yields. If need more money, just ask PTC raise fares again lor.Originally posted by sbst275:Dun take the rental income took much as eventually this also gets matured
Only way is overseas expansion, SG market is already matured and small -
Actually, SG is simply a matured market. You can't get much in another 5 yearsOriginally posted by shade343:Ok. But Im sure that they may have a plan some where...anyway, SMRT is a rather defensive stock and has rather low risk...I rather the company remain this way. Low risk, defensive stock, average yields. If need more money, just ask PTC raise fares again lor.
Defensive and low risk? Dun ever forget, everyone is already trying to make overseas their majority biz area, see ComfortDelGro and PSA
PTC to raise fares? How much more can you get with the rising diesel cost? -
Thats why I said average yields. I think TH also wants SMRT to remain this way. Its already mentioned in the IPO prospectus that SMRT "may not offer much growth potential, but compensates for this with its low risk and stable returns".Originally posted by sbst275:Actually, SG is simply a matured market. You can't get much in another 5 years
Defensive and low risk? Dun ever forget, everyone is already trying to make overseas their majority biz area, see ComfortDelGro and PSA
PTC to raise fares? How much more can you get with the rising diesel cost? -
But the qn would come to thisOriginally posted by shade343:Thats why I said average yields. I think TH also wants SMRT to remain this way. Its already mentioned in the IPO prospectus that SMRT "may not offer much growth potential, but compensates for this with its low risk and stable returns".
Providing getting worst service is also their goals? -
No. You go feedback to them lor.Originally posted by sbst275:But the qn would come to this
Providing getting worst service is also their goals? They said they would give good "customer service". ASk them for their definition. -
But if SMRT dun bother to be more automatic to make checks, so is passengers going to bother?Originally posted by shade343:No. You go feedback to them lor. They said they would give good "customer service". ASk them for their definition.