SG Talk

Quote:The operator’s revenue was up 9 per cent, or S$73.5 million, year on year to S$886.7 million for FY2023/24.

SMRT Trains’ full-year net profit down 82.4% to S$7.5 million
https://www.businesstimes.com.sg/compani...-5-million

the problem when u have a ceo
they always want to company to be 'profitable' so either to make them look good or increase ther pay

but they will do all kinds of miscellaneous thing to cut expense or cut corners to be more exact...eg cut on maintenance,,,and say we dont want to 'over-maintain'

in the end of the day
it doesnt matter if smrt made money or not
its a public transport...
prority should be smooth running of trains OVER profitabilty..
since it is no longer a public listed company ...there is no 'shareholders' to answer to..but the 'sharehiksers/govt' annswers to us...the communters...not on company profitability or smooth running of trains..

It's fake one lah. They can't show a profit that is obscene else will incur the wrath of the public, therefore they do all kinds of accounting tricks to make it seem low, or they pay the senior management handsomely. The CEO of smrt earns close to 2mil a year.

tommy koh sais=d dont need to hv rocket science knowkedge n intelligence to run a taxi company 
same as for smrt it a a monopoly no competition fr pte sector.

reduce the chairman ceo n top mgt salary by 40% will  already save few million

SMRT’s rail revenue up 10.4% from pre-Covid-19 levels, thanks to higher ridership | The Straits Times
https://www.straitstimes.com/singapore/t...-ridership

Revenue up then they spend on rewarding themselves resulting in higher overhead then become less profitable

Please, lah! You believe than why finance have a phrase -

CREATIVE Accounting ie likely included the Transport subsidy

but the funds is from elsewhere ( maybe COE)

Still make money, even not making money also nvm. This is serving the people not making money

(27-09-2024, 11:31 AM)Blasterlord2 Wrote: [ -> ]It's fake one lah. They can't show a profit that is obscene else will incur the wrath of the public, therefore they do all kinds of accounting tricks to make it seem low, or they pay the senior management handsomely. The CEO of smrt earns close to 2mil a year.

2m a yr is money drop fr the sky for the ceo.
it is a monoply no competition
whereas sia  sia engrg other glc hv competitions fr local n internationalcompanies

that why i say drop 50% of the ceo  pay  is not harsh for him

(27-09-2024, 12:17 PM)talky Wrote: [ -> ]2m a yr is money drop fr the sky for the ceo.
it is a monoply no competition
whereas sia  sia engrg other glc hv competitions fr local n internationalcompanies

that why i say drop 50% of the ceo  pay  is not harsh for him

just becos he is fr harvard means need to pay 2m to retain him fr job hopping ?

Maybe money invested in new MRT lines up this few years
WFH may have cut ridership and slow tourists return.