Friday, July 31, 2009

peasants are SUCKed & FUCKed dry by a monopolised biz to SERVE A NATION TO SUCK PEASANTS DRY!

SMRT's Q1 up 19.6% to S$48.2m on higher operating profits
By Yasmine Yahya, Channel NewsAsia | Posted: 31 July 2009 1734 hrs

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SINGAPORE: Transport operator SMRT said its first quarter net profit rose 19.6 per cent to S$48.2 million, due mainly to higher operating profits.

Revenue for the three months to June was marginally lower at about S$216 million.

SMRT said the fall was due to the fare reduction package which took effect in April, and a smaller average hired-out fleet for taxis.

SMRT CEO Saw Phaik Hwa said the firm's profitability will be affected by the continuing volatility in diesel prices, the fare reduction package, and the ramp-up costs for the progressive opening of the remaining Circle Line stations.

But she added that SMRT will continue to grow its businesses locally and overseas while leveraging on its expertise and technology to keep costs low.

i am confused! why does the sgp gov allow SMRT, a monopolised biz to profiteer so much from SERVING A NATION TO SUCK THE PEASANTS DRY??

it's a public transport. it's a monopoly. and in the first place it should NOT be approved to be publicly listed cos it's a MONOPLY TO SERVE A NATION TO SUCK THE PEASANTS DRY

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