Tuesday, August 17, 2010

SMRT off 1.9% on revenue, competition concerns

Written by The Edge


Tuesday, 17 August 2010 15:09

SMRT (S53.SG) off 1.4% at $2.07 on concerns over increased revenue pressure, says Dow Jones.

According to Singapore transport ministry, public transport operators stand to lose $88 million in annual revenue following implementation of distance-based fares from July.

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