Netlink NBN Trust has delivered 4% higher profit after tax for its 9MFY2024 ended December at $85.1 million, compared to $81.8 million recorded in the previous corresponding period.
Revenue for the period increased by 3.2% to $309.4 million, mainly due to higher connection revenue across all segments and higher installation-related revenue. This was partially offset by higher operating costs.
Ebitda for 9MFY2024 stood at $228.5 million, 3.9% higher y-o-y due to higher revenue and one-off reversal of operating costs following a resolution of disputed power charges.
As at December 2023, the trust’s gearing stood at 24.3% and a weighted average debt maturity of 2.7 years.
Moving forward, the company’s strategic focus includes exploring opportunities to invest in telecoms infrastructure businesses overseas, which are likely to generate a stable cash flow.
Units in Netlink closed 0.5 cents higher or 0.6% up at 85 cents.
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