Netlink NBN Trust reports 1.1% higher DPU for FY24

The company attributed the increase to higher revenue.

Netlink NBN Trust declared a 1.1% YoY higher distribution per unit (DPU) of $0.0530 in FY24 on the back of higher revenue.

Revenue for the period was $411.3m, 1.9% higher than the FY23 record.

The company attributed its revenue growth to its residential connection segment, which reported a $3.3m revenue increase.

Apart from improved revenue, the company also reported a 1.1% YoY higher profit after tax of $103.2m and distributions attributable of $206.5m, up 1.1% YoY.

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