The public transport company has experienced a 1.1% decrease in revenue while net income increased by 35.5% in its 34th quarter. This success was also achieved despite a general decrease in group revenue of 1.1%. The main reason for this change was the retro-bollo of first-generation equity funds, which resulted in an increase in net income of S$13 million.

Additionally, the company saw an increase in operating income of 37.7% compared to the first four months of the current year, reaching a total of S$22.6 million. The operating income has increased by 12% compared to the first four months of the current year, reaching a total of S$56.6 million. Furthermore, the operating income has decreased by S$1.4 million from the previous period, while the income derived from other commercial options has decreased by S$2.9 million, primarily due to the decline in bus adaptation compensation for the Tampines package and the reduction in service performance on lines NEL and DTL.

In the third quarter, the operating income has seen a decrease of 0.8% compared to the first four months of the current year, but it has registered an increase of 4.9% in the case of NEL and 4.7% in the case of DTL. The service performance on lines NEL and DTL has been improved compared to the first four months of the current year, with a 4.7% increase compared to the first four months of the current year. The company also announced the opening of new improvements on the Sengkang West Inner Loop line that have been completed beyond the original schedule, and the delivery of the BC802 Serangoon-Eunos bus package tendered on July 16th.

The financial analysis of SBS Transit shows a significant increase in net income in terms of percentages, but the performance of commercial options has not been maintained, as the price reduction for bus services for the Tampines package or the reduction in service performance on lines NEL and DTL were not maintained. The final result was an increase in net income of 35.5%, while operating income increased by 37.7%. This success is due to effective management of operational expenses and improvements in train and public transport lines operations, which have allowed the enterprise to revive its net profit.