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07-02-2014, 10:10 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
SMRT recently released their financial results for the 3rd quarter and at first glance, the results do not look good. They lost about 8m for the bus operations and obviously, that would be the main area that they will keep emphasising to justify that they are doing their "best".
However, there is something left unspoken.
Regardless of how much they are losing, guess what? They are still making profits. For the 3rd quarter, they had a 20m operating profit. Why is that so?
It's very simple.....http://chantc.blogspot.sg/2014/02/sm...-were-not.html (http://chantc.blogspot.sg/2014/02/smrt-financial-results-and-why-were-not.html)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?174434-Desmond-here-s-why-we-are-not-happy-about-the-fare-rises&goto=newpost).
SMRT recently released their financial results for the 3rd quarter and at first glance, the results do not look good. They lost about 8m for the bus operations and obviously, that would be the main area that they will keep emphasising to justify that they are doing their "best".
However, there is something left unspoken.
Regardless of how much they are losing, guess what? They are still making profits. For the 3rd quarter, they had a 20m operating profit. Why is that so?
It's very simple.....http://chantc.blogspot.sg/2014/02/sm...-were-not.html (http://chantc.blogspot.sg/2014/02/smrt-financial-results-and-why-were-not.html)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?174434-Desmond-here-s-why-we-are-not-happy-about-the-fare-rises&goto=newpost).