NetLink NBN Trust’s 9-month profit down 11.8% at S$65.4 million
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NetLink NBN Trust reported an 11.8% decline in net profit to S$65.4 million for the nine months ending Dec 31, attributed to increased depreciation and finance costs, despite a revenue increase of 1.6% to S$313 million. The trust noted a slight dip in total connections, with residential connections at 1.52 million and non-residential at 52,574. The units of NetLink closed 0.5% higher at S$0.98 prior to the results announcement.
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