The manager of NetLink NBN Trust announced that its distribution per unit (DPU) for FY2022 ended March came in at 5.13 cents, some 1.0% higher than 5.08 cents a year ago. Distributions attributable for FY2022 was similarly 1.0% higher y-o-y at $199.9 million.
Revenue for the period came in at $377.6 million, a slight 2.5% increase from $368.5 million last year, mainly due to higher residential, non-building address points (NBAP) & segment connections revenue, installation-related revenue and ancillary project revenue. This was partially offset mainly by lower central office revenue.
Residential connections remained the key driver of the NetLink’s revenue, contributing to 63.8% of total revenue. Residential connections revenue increased by $2.8 million to $240.7 million as a result of a higher number of connections. As at Mar 31, there were 1,464,217 connections as compared to 1,446,784 in the same period last year, representing a slight 1.2% y-o-y increase.