Netlink NBN Trust posts profit of S$21.7m for Q3

Singapore

NETLINK NBN Trust on Monday posted a profit attributable to unitholders of S$21.7 million for its third quarter ended Dec 31, up 32.5 per cent from its earlier forecast of S$16.4 million, partly due to lower operating costs and staff costs.

Revenue was 0.6 per cent higher than forecast at S$83.4 million, mainly due to higher monthly recurring Residential and Non-Residential connection revenue, higher Ducts & Manholes Services revenue and Central Office revenue. The group listed on the Singapore Exchange Mainboard on July 19, thus no year-on-year comparative figures were provided.