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29-01-2014, 11:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
The most disturbing change in numbers belong the 92.2% drop in profit for train revenue. 92.2%, translated to money that's ~$49mil in YTD2013, and a mere ~$3mil in YTD2014. This is where I snigger at their explanation, there is an increase in ridership resulting to an increase in revenue, but the lower profit came about due to a huge jump in operating expenses. From the figures, I could easily have speculated that SMRT Corporation has been cutting back on operating and maintenance fees by as much as ~$46mil in the past years so that their profits would be maximised, and now shit has hit the fan. The math doesn't really add up when you need 92.2% extra in operating costs to cater to the 3.1% increase in commuters.
- http://arrarity.blogspot.sg/2014/01/...fits-smrt.html (http://arrarity.blogspot.sg/2014/01/a-42mil-drop-in-profits-smrt.html)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?173839-SMRT-s-92-2-increased-operating-costs-to-cater-to-3-1-commuter-increase&goto=newpost).
The most disturbing change in numbers belong the 92.2% drop in profit for train revenue. 92.2%, translated to money that's ~$49mil in YTD2013, and a mere ~$3mil in YTD2014. This is where I snigger at their explanation, there is an increase in ridership resulting to an increase in revenue, but the lower profit came about due to a huge jump in operating expenses. From the figures, I could easily have speculated that SMRT Corporation has been cutting back on operating and maintenance fees by as much as ~$46mil in the past years so that their profits would be maximised, and now shit has hit the fan. The math doesn't really add up when you need 92.2% extra in operating costs to cater to the 3.1% increase in commuters.
- http://arrarity.blogspot.sg/2014/01/...fits-smrt.html (http://arrarity.blogspot.sg/2014/01/a-42mil-drop-in-profits-smrt.html)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?173839-SMRT-s-92-2-increased-operating-costs-to-cater-to-3-1-commuter-increase&goto=newpost).