142 views
Photo from Freepik

NetLink NBN reports 6.2% revenue growth in Q1

EBITDA growth was moderate due to higher operating costs.

NetLink NBN’s first-quarter revenue rose 6.2% year-on-year (YoY) to $103.9m, versus the $97.9m it accumulated in the prior year.

During the quarter, its revenue rose by $6.0m. Of this, $4.1m originated from non-RAB revenue, primarily attributed to additional ancillary projects. 

An additional $1.9m came from RAB revenue due to higher residential, non-residential, NBAP, and segment connections orders.

ALSO READ: NetLink NBN profit climbs 19.7% YoY to $109.3m in FY23

Likewise, its EBITDA also increased 3.1% to $75.2m. However, this was moderate growth due to higher operating costs. Further, net earnings climbed 2.1% to $28.2m.

As of 30 June, there were 1.48 million residential connections and 52,522 non-residential connections, compared to 1.46 million and 50,828 in the same period of the previous year, respectively. 

The number of NBAP connections increased from 2,479 to 2,757, and segment connections grew from 2,170 to 3,003 between 30 June 2022, and 30 June 2023.

 

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!