- NetLink NBN Trust (SGX:CJLU) reported lower 1QFY25 revenue (-2.9% y-o-y), EBITDA (-2.4% y-o-y) and net profit (-9.1% y-o-y), all forming around 24% of our full-year forecasts respectively and in line with our expectations.
- - Read this at SGinvestors.io -
- 1QFY25 EBITDA and net profit were largely lower y-o-y due to lower revenue and a one-off gain of S$1.1m in 1QFY24. Excluding the one-off gain in 1QFY24, EBITDA and net profit would have dropped by around 1% and 6% respectively.
Mixed segmental performance.
- With lower prices, 1QFY25 RAB revenue was slightly lower (-1.5% q-o-q, -0.6% y-o-y) while non-RAB revenue (+2.8% q-o-q, -14.7% y-o-y) dropped sharply due to lower ancillary project revenue (-26.5% q-o-q, -46.4% y-o-y).
- - Read this at SGinvestors.io -
- Connections for non-residential (-0.2% q-o-q, +1.7% y-o-y), NBAP (-1.2% q-o-q, +6.8% y-o-y) and segment (+2.9% q-o-q, +21.6 y-o-y) also grew y-o-y.
Stable interest costs.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | https://research.uobkayhian.com/ 2024-08-06
Read also UOB's most recent report:
2024-11-06 NetLink NBN Trust - 1HFY25 Slight Miss As Margins Dropped.
Price targets by 2 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
