- NetLink NBN Trust (SGX:CJLU)'s FY23 PAT rose 19.7% y-o-y to S$109.3m, ahead/in-line with MIBG/consensus expectations, accounting for 102%/101% of the respective FY23 forecasts. Bottomline increase was mainly contributed by higher revenue from core business and the absence of one-off re-measurement loss (S$12.4m) recorded in FY22.
- - Read this at SGinvestors.io -
Ancillary projects contributed strongly to topline
- Revenue for FY23 increased (+6.8% y-o-y) due to stronger contributions from ancillary project revenue (+155% y-o-y), NBAP (Non-Building Access Point) & segment connections revenue (+29.8% y-o-y) and co-location revenue (+10.5% y-o-y). This was partially offset by lower Central Office revenue (-6.5% y-o-y to S$15.2m) due to a drop in rental space that reduced rental income.
- - Read this at SGinvestors.io -
On the lookout for earnings accretive M&As
- Read more at SGinvestors.io.
