NetLink NBN Trust's profit grows 36.1% YoY in H1 FY23

Its EBITDA was up 15% to $145.6m.

NetLink NBN Trust’s profit after tax (PAT) increased by 36.1% year-on-year (YoY) to $54.6m in the first half of the financial year 2023, due to higher earnings on the back of lower expenses and higher net revenue net of related costs.

In a statement, NetLink NBN Management, Trustee-Manager of NetLink NBN Trust, said the profit rose due to the higher earnings before interest, tax, depreciation, and amortisation (EBITDA) and was partially offset by higher finance costs and lower income tax credit.

The company’s EBITDA rose 15% to $145.6m due to lower other operating expenses and higher revenue net of its related costs.

Its operation expenses during the period were significantly compared to the same period last year due to the $12.4m remeasurement loss in the first half of the financial year 2022 due to the change in rental states upon the renewal of the Central Office revenue.

NetLink’s revenue was up 6.2% to $199.6m mainly due to higher revenue in an ancillary project, connections, co-location and installation-related, but was partially offset by lower Central Office revenue.

Follow the link for more news on

Netlink NBN

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia