Meanwhile, operating costs rose to $320.75 million from $310.57 million in the previous quarter.
Government reliefs are tapering off in 2021, notes SBS Transit in its 3QFY2021 business update on Nov 11. SBS Transit received $13.93 million in government reliefs for the quarter, down from $16.02 million in the previous quarter.
SBS Transit's total assets as at the end fo September came in at $1,137.39 million, a 0.2% decrease from Dec 31, 2020.
Meanwhile, total liabilities shrank 2.7% over the same period to $537.60 million.
See also: FJ Benjamin FY2025 red ink widens to $16.6 million
Total equity grew 2.2% over the same period to $599.79 million.
Net cash position (excluding the finance leases) as at Sept 30 is $189.6 million, compared to $85.6 million as at Dec 31, 2020.
SBS Transit says it has $500 million of available cash and bank facilities undrawn to underpin the continuity of the business.
For more stories about where the money flows, click here for our Capital section
"With the current Covid-19 restrictions being extended toNov 21 and working from home remaining as the default mode, rail ridership recovery is expected to be slow," adds SBS Transit.
Shares in SBS Transit closed 1 cent lower, or 0.33% down, at $2.98 on Nov 11.
