SMRT issues profit warning: Q4 will be in the red
PHOTO: SMRT issues profit warning: Q4 will be in the red
PUBLISHED ONMarch 27, 2013 4:00 PM
"Increasing operating costs without corresponding fare adjustments have adversely affected the group's profitability," it said in a statement to the Singapore Exchange, adding that it is also registering a $17 million impairment of goodwill in Chinese associate Shenzhen Zona Transportation.