224 views

Netlink NBN Trust's profit rises 11.3% YoY to $27.6m in Q123

The stronger profit was on the back of its higher revenue.

Netlink NBN Trust's profit after tax rose 11.3% YoY to $27.6m in Q1 FY23 on the back of its higher revenue.

Based on its lattes financial statement, Netlink posted revenue of $97.9m in Q123 which translates to a 4.8% increase from the same period last year (Q122).

The trust said its increased revenue was mainly due to higher ancillary project revenue, connections revenue (residential, non-residential, NBAP & segment connections), and co-location revenue.

In Q123, residential connection was the largest contributor to the group's revenue at 62%. As of 30 June, Netlink has 1,468,815 residential connections.

The group's overall revenue, however, was partially offset by lower Central Office revenue.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!