Local bus companies have registered a total profit of MOP110.9 million after taxes in 2018. The final results from the audited accounts were published yesterday in the government’s Official Gazette.
According to account reports from three companies, Transportes Urbanos de Macau SA (Transmac), Sociedade de Transportes Colectivos de Macau SA (TCM) and Macau Nova Era de Autocarros Públicos SA (New Era), the company that profited the most was Transmac, reporting a total of MOP41.4 million, followed by TCM with MOP36.2 million and New Era, registering MOP33.3 million.
New Era’s results were reported up until July 24, being the date that the company officially ceased operations, after which it merged with TCM.
According to the reports, Transmac carried a total of 97 million passengers in 2018, or an average of 257,000 passengers per day, a figure which represented a 4.3% increase compared with the previous year.
Transmac controls about 36% of the market share, while TCM now runs a total of 57 bus routes, after the incorporation of New Era, representing 64% of the market share.
At the end of the year, TCM reported carrying a total of 330,000 passengers on a daily basis after the merging with New Era.
Transmac attributes the increase in the number of passengers carried in 2018 to the opening of the Hong Kong-Zhuhai-Macau Bridge in October, noting that between that period and the end of the year, they recorded an 8.1% increase in the rate of the passengers carried, almost double the average annual increase.
They also noted soliciting the government to replace a large number of buses, including 62 buses affected by flooding during the passage of Typhoon Hato in 2017, as well as another 85 buses that have served for over 10 years, which the company planned to replace with updated models.
Another issue addressed by the company was their contract as a service provider to the government, which is set to expire October 31.
According to the company, Transmac is “following up closely on the negotiations with the government on the renewal of such contract.”
As for TCM, the company noted in the report the benefits that have been given to staff members, which include a 6% pay rise to all staff and the reimbursement of Social Welfare payments for the workers who are mainland residents. This reimbursement amounts to as much as RMB700.
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