An honorable member of the Coffee Shop Has Just Posted the Following:
THIRD QUARTER earnings at SMRT Corp slumped 44% to $14.23million
REVENUE actually ROSE 4.1% in fare revenue but not enough to cover the 21% increase in staff costs.
NON-FARE revenue rose 6.1% to #27.3million.
Famous last words:
"Our fare business continues to face cost pressures arising from ongoing efforts to meet heightened demands on service , reliabity and capacity."
"We are engaging the authorities on a timely transition to a viable and sustainable model for the trains and businesses."
Any surprise stock price went down 1.5% this morning?
And of course, no more the cock talk about zero tolerance for breakdowns.
Click here to view the whole thread at www.sammyboy.com.
29-01-2014, 12:50 PM
Desmond Kuek sets new record - First ever quarterly loss in SMRT history
