NetLink NBN (SG:CJLU) has released an update.
NetLink NBN Trust reported a slight decline in their Q1 FY25 financial results with a 2.9% decrease in revenue and a 2.4% dip in EBITDA, attributed mainly to lower non-RAB revenue and increased operating expenses despite stable EBITDA margins and a growth in residential connections. The company experienced a reduction in non-operating income and had previously benefited from a one-off gain on asset disposal.
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