Netlink NBN continues upward trajectory through 2022: OCBC

Company revenue projected to reach $396.7m next year.

Netlink NBN Trust revenues will continue to soar through 2022 despite revenue dipping by 0.5% YoY for 9MFY21, according to an investment research by OCBC.

The research said the slight decrease was due to lower installation-related revenues but was partially offset by higher residential and NBAP & Segment connections revenue.

Revenue rose by 3.5% YoY to $94.8m in Q3 FY21 with profits after tax rising by 14.8% YoY to $24.7m.

OCBC projects company revenue will continue on its upward trajectory from $370.2m in 2020 to $386.3m this year. This will continue to 2022 with revenues predicted to reach $396.7m

The research also said Netlink NBN’s potential may be offset with risk such as the threat of fibre technology becoming obsolete and prolonged disruption from COVID-19 in the future.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education