SINGAPORE (May 6): Netlink NBN Trust has declared a distribution per unit (DPU) of 2.53 cents for the six months ended March 30, which brings full year distribution to 5.05 cents, up 3.5% from the previous year.

While distribution is done every half year, Netlink reports earnings every quarter. For the three months to March 30, earnings dropped by 37.7% y-o-y to $12.5 million, compared to last year’s $20 million.

The drop was because of a one-off $15.4 million write-off of a discontinued project, which was recognised during the quarter. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook