SMRT full-year profit grows 20% to cross $100m again

SMRT Corp posted a 20.1 per cent rise in net earnings for the year ended March 31.
SMRT Corp posted a 20.1 per cent rise in net earnings for the year ended March 31.PHOTO: ST FILE

SINGAPORE - Transport operator SMRT Corp posted a 20.1 per cent rise in net earnings to $109.3 million for the year ended March 31.

The profit attributable to shareholders came on the back of a 6.2 per cent rise in revenue to $1.37 billion, and a 5.4 per cent increase in operating expenses to $1.24 billion.

Earnings per share for the 12 months stood at 7.17 cents while EBITDA margin improved to 26.4 per cent, from 25.4 previously.

SMRT directors are declaring a final dividend of 2.5 cents per share, up from 1.75 last year.

Group CEO Desmond Kuek said: "The group's overall earnings has been supported by better performance in our non-rail businesses, and we will continue to pursue sustainable growth in line with our core competencies as a multi-modal transportation group."