SMRT Corporation Ltd is a multi-model public transport operator in Singapore. The Company operates in seven segments. The rail operations segment is engaged in the provision of mass rapid transit (MRT) and light rapid transit (LRT) services. Its bus operations segment is engaged in the provision of bus services and charter hire services. Its taxi operations segment is engaged in rental of taxis and provision of taxi services. Its rental segment is leasing of commercial space and kiosks.
Its advertising segment is engaged in leasing of advertising space at the MRT and LRT stations, as well as in trains, and on buses and taxis. The engineering and other services segment is engaged in the provision of consultancy, project management services, leasing of fiber optic cables, and repair and maintenance services and sales of diesel to taxi hirers. The investment holding segment is engaged in the provision of management services to Group companies and investment in associates.
|Founded||6 March 2000|
|Industry||Urban Mass Transit Systems|
|Products||Bus and Rail Services|
|Revenue||▲ S$197.3 million SGD (2007)|
|Operating income||▲ S$48 million SGD (2007)|
|Net income||▲ S$39.5 million SGD (2007)|
|Address||251 North Bridge Road Singapore 179102 Singapore|
|Parent||Temasek Holdings Pte Ltd|
SMRT's primary business is providing public transport services in Singapore. Its main operations are the following:
- SMRT Trains operates the 51 stations along the North-South and East-West lines of the Mass Rapid Transit network. It uses a third rail for power collection.
- SMRT Light Rail operates and manages the 14 stations along the Bukit Panjang LRT Line.
- SMRT Buses operates a fleet of more than 800 buses, serving selected housing estates in northern and north-western Singapore.
- SMRT Taxis manages about 2,000 taxis.
- November 1, 2008 - SMRT's Q2 net rises 7.7% to $42.6m1 - Higher train ridership, as well as its rental and advertising business, helped propel SMRT Corp's net profit forward by 7.7 per cent to $42.56 million for the second quarter ended Sept 30, 2008, compared with the same period a year ago.
- October 16, 2008 - Bus operators fined over service standards2 - The Public Transport Council (PTC) has fined SBS Transit and SMRT Buses $9,300 and $1,000 respectively for not complying with the Quality of Service (QoS) standards.
- October 1, 2008 - SMRT buys stake in China transport firm - SMRT Corp has agreed to pay $89.7 million for a 49 per cent stake in a leading road transport company in Shenzhen. Via subsidiary SMRT Hong Kong, SMRT has entered into a deal to buy investment company Shenzhen Zoto Investment's equity interest in Shenzhen Zona Transportation Group (Zona).3