SMRT reported profit of...
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Originally posted by Darkness_hacker99:27.5m only. 80% of transportation of whole Singapore and Profit is only 27.5m !!. I sense a conspiracy.
Very hard to give an opinion untill we can understand the financial statements.
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Low Risk, Low Yield. High Risk, High yield...Originally posted by Parka: Agree totally.
It's actually shameful for them to post this kind of profits when they have a risk free guaranteed stream of income on a daily basis, from people taking transport.
Apple makes a few times more and they are not making from a guaranteed source.
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Originally posted by quency:after you eat, you shit it out, that's the equilibrium, so why dont you stop eating?
Apparently you don't know economics.
You don't even have the base to make sound arguments, at least for this post.
I sensed a less than polite tone, which if I've caused, I apologize.
I shall excuse myself from this discussion. -
But its not enough for the shareholders. They only declared a 5.5cents a share dividend. Thats only a yield of 5.1% at the current market price of 1.08 which is quite pathetic.Originally posted by the Bear:note the words "maximise profits"
they have profits... already sufficient profits to tide them over everything..
oh well... -
But SMRT have already sold shares to the public...a listed company must think of the interests of its shareholders....Originally posted by the Bear:thing is.. it is a essential public service.. profits are not the main aim.. in fact, it should never even be an aim...
some companies must never ever be run like one that maximises profit..
this is one of them -
you cant even answer a few simple questions.Originally posted by Parka:
Apparently you don't know economics.
You don't even have the base to make sound arguments, at least for this post.
I sensed a less than polite tone, which if I've caused, I apologize.
I shall excuse myself from this discussion.
in theory there's always the equilbrium point, that does not mean the govt should not provide for the welfare of the people. -
double post
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Like ALL Singapore monopolies belonging to the famiLEE, they don't need to seek your approval before raising prices.Originally posted by FireIce:i think they shd prove to us their services are improved first before raising fares
not raise fares first n "promise" us the services will be improved.
More good years! I can feel it in my bones!
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SMRT Train profit up by a whopping 40%
SMRT Buses profit plunges to report a $500K loss
SMRT Taxi loss deepen to $3.2M -
they should not have "shareholders" and all that...
like i was saying, some things must never be run like a corporation... ESSENTIAL PUBLIC SERVICE is one of them...