Desmond Kuek sets new record - First ever quarterly loss in SMRT history

[Confuseous]

THIRD QUARTER earnings at SMRT Corp slumped 44% to $14.23million

REVENUE actually ROSE 4.1% in fare revenue but not enough to cover the 21% increase in staff costs.

NON-FARE revenue rose 6.1% to #27.3million.

Famous last words:

"Our fare business continues to face cost pressures arising from ongoing efforts to meet heightened demands on service , reliabity and capacity."

"We are engaging the authorities on a timely transition to a viable and sustainable model for the trains and businesses."

Any surprise stock price went down 1.5% this morning?

And of course, no more the cock talk about zero tolerance for breakdowns.

 

[Leongsam]

That's a good sign. It shows that the SMRT is putting safety and service ahead of profitability.

 

[GoldenPeriod]

This paper general is sickening. I really want to slap his chao bin face.

 

[McDonaldsKid]

Is it considered a loss if they are still making a profit? SMRT still made $14m right?

Genuine question.

 

[TracyTan866]

This paper general is sickening. I really want to slap his chao bin face.

Desmond is doing the right thing. He is rectifying and curing Saw PH's neglects.

 

[CheeByeKiaTonyChat]

REVENUE actually ROSE 4.1% in fare revenue but not enough to cover the 21% increase in staff costs.

Fucktard desmond must be paying him newly recruited ex-saf kakis a lot. PUUI

 

[tonychat]

REVENUE actually ROSE 4.1% in fare revenue but not enough to cover the 21% increase in staff costs.

Fucktard desmond must be paying him newly recruited ex-saf kakis a lot. PUUI

not happy then go protest lah, stupid fuck!!!

 

[CheeByeKiaTonyChat]

not happy then go protest lah, stupid fuck!!!

FUCKTARD,

you want to take the lead? Or you prefer to wait desperately in chatroom for some kind soul to talk to you.

 

[batman1]

Every time there is a mrt breakdown or SMRT bus service breakdown,
Put the CEO Desmond quek on charge ,throw him into the detention barracks for
Negligence ,for sleeping on the job.