- NetLink NBN Trust (SGX:CJLU)’s 1HFY24 revenue grew 2.9% y-o-y to S$205.3m, mainly driven by higher connections, installation-related, co-location and Central Office revenue. This was, however, partially offset by lower ducts and manholes services, as well as ancillary project revenue.
1HFY24 results met expectations
- - Read this at SGinvestors.io -
- An interim dividend of S$0.0265 per share was declared, up 1.1% y-o-y. See NetLink's dividend dates.
NBAP and segment connections drove the topline growth
- Fibre connections across NetLink’s key segments continued to grow in 2QFY24, with residential/non-residential/NBAP/segment connections growing 1%/2%/10%/32% y-o-y respectively.
- - Read this at SGinvestors.io -
- Residential connections remained stable and the key contributor, contributing to 60% of total revenue in 1HFY24, followed by non-residential connections (8%).
Pricing review is expected to be completed by end-2023
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-11-07
Read also OCBC's most recent report:
2023-11-29 NetLink NBN Trust - Completion Of Pricing Review.
Price targets by other brokers at NetLink Trust Target Prices.
Listing of research reports at NetLink Trust Analyst Reports.
Relevant links:
NetLink Trust Share Price History,
NetLink Trust Announcements,
NetLink Trust Dividends & Corporate Actions,
NetLink Trust News Articles
