Singapore utilities profits hit $4.2B in 2022; Avg customer profit soars from S$1.1k in 2003 to S$3k

A report from SingStat has disclosed that in 2022, Singapore’s Utilities Sector-encompassing water, sewerage and electricity-generated S$4.2 billion in profits. This figure was derived from S$48.5 billion in Operating Revenue minus S$44.3 billion in Operating Expenditure.
With over 1.4 million residential, commercial and industrial customers, this amounts to an approximate cost of S$3,000 per customer (S$4.2 billion divided by 1,400,000 customers).
The sector’s revenue is poised for further growth due to an 18% increase in water prices, to be implemented in two phases in 2024 and 2025, coupled with three consecutive quarters of price hikes in electricity and gas in 2023.
The report also highlighted that the profitability ratio in 2022 reached 12.8%, marking a modest rise from 12.4% in 2021.
gutzy.asia/2024/03/28/singapo...

[@LonganLee]

Coincidentally, the electricity meters in some hdb blocks have been recently replaced according to some of my friends. How to know if these measure accurately or not?

[@jennylee1802]

Although they have collected $4.2 billions in profits, we know they will still never be satisfied.

[@douglasang3527]

Madness ! VTO PAP , A MUST in GE2025 !

[@jianxi]

if the price hikes were for the rising costs, shouldnt the profits remain roughly the same?

[@LonganLee]

Why her eyes... 👀

[@jennylee1802]

Big, small eyes. Disgusting personality.

[@janetchong5048]

Plastic surgery

[@LonganLee]

@@janetchong5048 😔

[@user-og7rs2sq8u]

Komodo dragon....leave no bones behind.....All white

[@BUY_YOUTUB_VIEWS_733]

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