NetLink 9-month profit up 4% at $85 million

The Straits Times02-06

SINGAPORE - Fibre network provider NetLink reported $85.1 million in profit after taxes for the first nine months of its 2024 financial year ended Dec 31, 2023. This was a 4 per cent increase from the...

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Residential connections made up 59.9 per cent of NetLink’s revenue in the period.\n\nNon-building address point and segment connections stood at slightly more than 6,300 at the end of 2023, compared to 5,200 at the end of the previous year.\n\nNetLink said that it will focus on improving network reach, densification and capability in support of its fibre-to-anywhere deployment, as well as increasing its competitiveness in the enterprise and government segments.\n\nIt is also exploring opportunities to invest in telecoms infrastructure businesses overseas which are likely to generate a stable cash flow.\n\nUnits of NetLink NBN Trust rose 0.6 per cent or $0.005 to close at $0.85 on Feb 6. THE BUSINESS TIMES\n\n\n\n\n\nMore On This Topic\n\n \n\nNew Wi-Fi standard in Singapore promises faster connectivity for smartphones, robots\n\n\n\n \n\n850 homes in Yio Chu Kang, Serangoon hit by fibre cable outage","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409315407"}