SBS Transit Ltd (SGX: S61) is a recognisable company for many in Singapore.
For one, it’s hard to miss the company’s fleet of public buses that ply the roads of our Garden City daily. As a brief background, SBS Transit also operates the North East Line and Downtown Line MRT (mass rapid transit) rail services here along with the Sengkang and Punggol LRT (light rail transit) systems.
SBS Transit’s latest annual report was released only a few months ago. Here’re 20 figures about the company that investors might want to know:
- SBS Transit has a history dating back over 40 years. SBS Transit’s predecessor, Singapore Bus Service, was founded in 1973. The first MRT system in Singapore was launched in 1988; SBS Transit offered its first MRT service, the North East Line, in 2003.
- Revenue at SBS Transit passed the $1 billion mark for the first time in its history. The transport provider recorded $1.02 billion in revenue for 2015. Over 80% – or $810.5 million – was from its bus operations.
- SBS Transit is the largest bus services provider in Singapore. It has a fleet of over 3,600 buses and operates 261 bus routes in total. In 2015, SBS Transit’s fleet of buses ferried a total of 1.03 billion passengers, which works out to over 2.8 million passengers per day. Almost 8,000 employees support its bus operations.
- In 2015, SBS Transit transferred its iris bus arrival information system to a centralised system manned by the Land Transport Authority (LTA). iris currently receives 1.6 million queries per day on bus arrival timings.
- The second phase of the Downtown Line MRT system opened just before the end of 2015. With the opening, the Downtown Line now has 18 operational stations. SBS Transit expects to have 34 MRT stations on the Downtown Line when it is fully completed in 2017. SBS Transit’s Rail services business, which includes the LRT service, transported almost 260 million passengers in 2015. The rail operations has nearly 1,800 employees in total.
- In 2015, SBS Transit accepted delivery of six new trains. The trains, which are built by French manufacturer Alstom, feature platform gap fillers which will narrow the 10 cm gap between the train and the boarding platform. Safety was cited as a key factor here. With the new trains, SBS Transit’s North East Line increased its fleet to 43 trains.
- On a lighter note, SBS Transit started its first twitter account under the handle @SBSTransit_Ltd. The bus operator said that it has 6,500 followers.
- SBS Transit is doing its part for the environment as well. Chairman Lim Jit Poh reported that SBS Transit had 2,566 buses which were Euro 5 compliant. This represents 70% of its total fleet.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.