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TELECOM & INTERNET | Staff Reporter, Singapore

Netlink's profit soared 32.5% to $21.67m

This was boosted by its revenue amounting to $83.41m.

NetLink NBN Trust reported that its profit increased to $21.67 in Q3, which is 32.5% higher than its previous forecast of $16.36m.

Its revenue was at $83.42m, which is also 0.6% higher than its forecast of $82.91m.

This was highly due to higher monthly recurring revenues from residential and non-residential connection, ducts and manhole services, and central office, but was partially offset by lower installation revenue caused by lower demand for fibre termination points (FTP) installation in the residential homes.

For 2018, Netlink plans to focus on serving new housing estates in Sengkang and Punggol, acquiring new corporate and NBAP customers, and supporting Smart Nation initiatives.

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