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NetLink NBN Trust exceeds projected 1Q19 earnings by 26.9% at $19 mil

Michelle Zhu
Michelle Zhu8/3/2018 05:42 PM GMT+08  • 2 min read
NetLink NBN Trust exceeds projected 1Q19 earnings by 26.9% at $19 mil
SINGAPORE (Aug 3): NetLink NBN Trust reported earnings of $19 million for 1Q19, 26.9% higher than the projected $15 million as disclosed in the group’s IPO prospectus.
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SINGAPORE (Aug 3): NetLink NBN Trust reported earnings of $19 million for 1Q19, 26.9% higher than the projected $15 million as disclosed in the group’s IPO prospectus.

Revenue for the quarter exceeded forecasts by 2.8% at $86.1 million compared to the projected $83.8 million based on higher-than-projected diversion revenue and ducts & manholes service revenue.

As at end-June, there were 1.2 million and 44.8 million residential and non-residential end-user connections, respectively, up 2.1% in both segments from the previous quarter.

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