EconomySMRT Trains full-year profit nearly doubles to S$12.8 million as revenue rises 5.6%

SMRT Trains reported net profit of S$12.8 million for the full year, almost twice the S$6.9 million recorded a year earlier. The prior financial year was affected by a six-day disruption on the East-West Line and the costs linked to it. Revenue climbed 5.6% to nearly S$970 million, which the rail operator attributed to stronger ridership and fare revenue. SMRT is also testing technology at Marina Bay station that may help staff identify potential problems sooner, respond to incidents faster and automate routine processes.