Net profit of NetLink NBN Trust declines by 11.8% in the first nine months | Lianhe Zaobao

NetLink NBN Trust's net profit for the first nine months fell by 11.8% to HKD 65.4 million, compared to HKD 74.1 million in the previous fiscal year. The decline in net profit was mainly due to increased depreciation expenses and rising net financing costs resulting from the expansion of asset scale, partially offset by higher income tax credits. During the period, revenue slightly increased by 1.6%, rising from HKD 308 million to HKD 313 million, primarily due to increased revenue from hosting-related subsidiary projects. User connection data showed a slight decline in both residential and non-residential connections. The trust's stock price closed at HKD 0.98, up 0.51%