SMRT posts FY2007 net profit of S$135.8m
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taken from SMRT web
Group revenue in FY2007 rose to $743.1 million (+4.4%) from $711.7 million a year ago due mainly to increased ridership and growth from rental and advertising businesses
http://www.smrt.com.sg/investors/news/2007/MEDIA%20RELEASE%204QFY07.pdf -
post this in press release.
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so..
this include bus? -
how can they post FY2007 results when FY2007 just started?
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And they still wanna raise fares.....?!
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There is a difference between financial year and calendar year. Most companies have their financial year mirroring calendar year (i.e. FY2006 is for period Jan 2006 to Dec 2006). However, SMRT financial year starts from April. So it's FY2007 is actually from April 2006 to March 2007.Originally posted by the Bear:how can they post FY2007 results when FY2007 just started?
As of now, they are in their FY2008 (April 2007 to March 2008 ). -
Let's get to the point....
When will the next fare hike take place, and by how much? -
we shall see den.Originally posted by fudgester:Let's get to the point....
When will the next fare hike take place, and by how much? -
hmm.. they're not following the official year.. does this mean they have even more ways to 'cheat' with some ambiguity?
won't put it past them
Originally posted by stituss:There is a difference between financial year and calendar year. Most companies have their financial year mirroring calendar year (i.e. FY2006 is for period Jan 2006 to Dec 2006). However, SMRT financial year starts from April. So it's FY2007 is actually from April 2006 to March 2007.
As of now, they are in their FY2008 (April 2007 to March 2008 ). -
You guys speak like as if don't learn business and entepreneurship in schoolOriginally posted by the Bear:hmm.. they're not following the official year.. does this mean they have even more ways to 'cheat' with some ambiguity?
won't put it past them
shheeessh...
read the news. cost of oil is high, cannot blame them for rising the fare.
even egg cost rose by 1cent... read the news la dey... -
sheesh... you never learnt proper governing of a country where PUBLIC SERVICES are put before profit
a bus service like the SMRT is not there to maximise profit but to service the public good...
learn about the bigger things in life...Originally posted by muziq bus:You guys speak like as if don't learn business and entepreneurship in school
shheeessh...
read the news. cost of oil is high, cannot blame them for rising the fare.
even egg cost rose by 1cent... read the news la dey... -
Unfortunately, the shareholders don't share the same sentiments.Originally posted by the Bear:a bus service like the SMRT is not there to maximise profit but to service the public good... -
rubbish. when McDonalds increased the prices of its burgers by 10-15cents, u didnt complain.Originally posted by the Bear:sheesh... you never learnt proper governing of a country where PUBLIC SERVICES are put before profit
a bus service like the SMRT is not there to maximise profit but to service the public good...
learn about the bigger things in life...
a business is still a business. a business without profit end up being liquidated.
when they increase the fare, they dont maximise profits, it is to help pay for the cost of diesel, which is constantly on the high.
there was a time when SMRT buses didnt make any earnings (in fact loss) but was at least spared cos the parent company was making money from the train business.
so you see, your few cents is not really worth it. if they were out to increase profit, our bus fares would be like $4-$10 like other countries.
there.
agreed totallyOriginally posted by The_Bus_Guide:Unfortunately, the shareholders don't share the same sentiments. -
Can you understand the word PUBLIC TRANSPORT
In the 1st place, SMRT shareholder is mainly TH -
haven't they listed all the ways they get their revenue from?Originally posted by patdog112:taken from SMRT web
Group revenue in FY2007 rose to $743.1 million (+4.4%) from $711.7 million a year ago due mainly to increased ridership and growth from rental and advertising businesses
http://www.smrt.com.sg/investors/news/2007/MEDIA%20RELEASE%204QFY07.pdf -
Wa... really??? I have SMRT share ... ><
nice to hear that ...