NetLink NBN Trust posts DPU of 2.57 Singapore cents for H2 FY2022, up 0.8%

FIBRE network infrastructure owner NetLink NBN Trust reported a 0.8 per cent year-on-year increase in distribution per unit (DPU) to 2.57 Singapore cents for the 6 months ended March 31, 2022.

Revenue for the 6-month period was 1.4 per cent higher at S$189.68 million on the back of higher connections revenue, which was partially offset by lower Central Office revenue. Meanwhile, profit attributable to unitholders rose 2.3 per cent to S$51.18 million.

For FY2022,  the group chalked up a revenue of S$377.61 million, up 2.5 per cent from FY2021, mainly due to higher residential, non-building address points (NBAP) & segment connections revenue, installation-related revenue and ancillary project revenue. Residential connections revenue - which contributed to nearly 64 per cent of total revenue - increased S$2.8 million to S$240.7 million in line with the higher number of connections.