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SMRT affirms commitment to reliable revenue generation after making S$109.3 million profits

SMRT affirms commitment to reliable revenue generation after making S$109.3 million profits

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Three cheers for CEO Desmond Kuek.

smrt-trains

Singaporeans from all walks of life, who like to take the MRT because cars are for rich people, are slow clapping and nodding their heads in approval.

This after SMRT raked in a net profit of S$109.3 million for Fiscal Year (FY) 2016, where profits increased 20.1 percent.

One Singaporean, Tan Tua Lui, said this bodes well for SMRT as it did not allow the many train disruptions to affect them: “It is good to see that multiple train disruptions throughout the year have helped create profits.”

“Imagine the full amount they can make if trains broke down once a week instead of every other day.”

“At this rate, SMRT can now boast that it has a reliable profit-generating system in place.”

However, other Singaporeans said this bodes especially well for SMRT CEO Desmond Kuek.

Mei You Qian, another local, said this money-making organisation helps cater to regular Singaporeans as Singapore aims for a future where public transport will be the only mode of transport: “As Singapore becomes more car-lite in the future, Desmond Kuek can be the lucky few who can still afford to drive.”

“The roads will be really clear and empty for his use.”