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+--- Thread: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million (/Thread-SMRT-Trains%E2%80%99-full-year-net-profit-down-82-4-to-S-7-5-million)
SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - Bigiron - 27-09-2024
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/companies-markets/smrt-trains-full-year-net-profit-down-82-4-s7-5-million
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - Bigiron - 27-09-2024
![[Image: IMG-20240927-110925.jpg]](https://i.ibb.co/PDhkXcG/IMG-20240927-110925.jpg)
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - singaporean1964 - 27-09-2024
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..
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - Blasterlord2 - 27-09-2024
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.
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - talky - 27-09-2024
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
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - Bigiron - 27-09-2024
![[Image: Screenshot-2024-09-27-11-58-22-668-org-t...senger.jpg]](https://i.ibb.co/TL1XXSX/Screenshot-2024-09-27-11-58-22-668-org-telegram-messenger.jpg)
SMRT’s rail revenue up 10.4% from pre-Covid-19 levels, thanks to higher ridership | The Straits Times
https://www.straitstimes.com/singapore/transport/smrt-s-rail-revenue-up-104-from-pre-covid-levels-thanks-to-higher-ridership
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - winbig - 27-09-2024
Revenue up then they spend on rewarding themselves resulting in higher overhead then become less profitable
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - Ola - 27-09-2024
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)
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - Rainforest - 27-09-2024
Still make money, even not making money also nvm. This is serving the people not making money
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - talky - 27-09-2024
(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
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - talky - 27-09-2024
(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 ?
RE: SMRT Trains’ full-year net profit down 82.4% to S$7.5 million - watchfirst9 - 27-09-2024
Maybe money invested in new MRT lines up this few years
WFH may have cut ridership and slow tourists return.