Healthy project pipeline to support ancillary project revenue.
Pricing review is likely to complete by Mar 2023.
Any potential adjustment to the interconnect rates will be implemented with a few months’ lag.
NetLink's 9MFY23 earnings beat expectations
- Read this at SGinvestors.io -
9MFY23 EBITDA was up 11.7% y-o-y to S$219.8m, due mostly to lower operating expenses.
Recall that NetLink recorded a remeasurement loss of S$12.4m in 9MFY22, relating to finance lease receivables arising from the reduction in rental rates upon the renewal of the Central Office lease agreements with Singtel from Sep 21. Excluding the impact of the remeasurement loss, EBITDA would still be higher by 5.3% y-o-y on prudent cost control.
- Read this at SGinvestors.io -
Fibre connections continued to grow
Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
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