NetLink NBN Trust's profits grew 12.4% to $23.5m in Q1

Uploaded By:  Clarist Zablan Submitted By:  Clarist Zablan Case Study:  No This is despite revenue declines partly driven by fewer installation orders. NetLink NBN Trust's profit after tax (PAT) rose 12.4% to $23.5m in Q1 FY2021, from $20.9m in Q1 FY2020, the company announced. Revenue dipped 3.3% to $89m from $92m over the same period. Recurring revenue from fibre connections grew by $2.9m mainly due to the higher number of residential connections. As at 30 June, there were about 1.43 million residential connections as compared to about 1.38 million in 30 June 2019. read more