NetLink NBN Trust's Profit After Tax Declines 13% in Nine Months Ended Dec. 31, 2024

MT Newswires

2025/02/11

NetLink NBN Trust's (SGX:CJLU) profit after tax for the nine months ended Dec. 31, 2024 declined by 13% to SG$74.1 million from SG$85.1 million a year earlier, according to a filing with the Singapore Exchange on Monday.

Revenue declined slightly to SG$308.2 million from SG$309.4 million a year earlier, mainly due to a reduction in ancillary project revenue.

Number of residential connections increased from 1,501,032 to 1,517,326 year on year while non-residential connections increased year over year from 53,222 to 53,454.

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