44 per cent drop in SMRT's Q3 earnings, with rail operations in the red | AsiaOne Business: ""Our fare business continues to face cost pressures arising from ongoing efforts to meet heightened demands on service, reliability and capacity," said SMRT chief executive Desmond Kuek. He said rising costs will be mitigated partially next year by the recently approved fare adjustments, and the company's continuing efforts to drive higher productivity and cost efficiency.
"We are engaging the authorities on a timely transition to a viable and sustainable model for the trains and bus businesses," said Mr Kuek. The firm also continues to explore rail business opportunities overseas, he said."
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