NetLink NBN Trust Reports Second Quarter 2023 Earnings

NetLink NBN Trust (SGX:CJLU) Second Quarter 2023 Results

Key Financial Results

• Revenue: S$103.9m (up 9.7% from 2Q 2022).
• Net income: S$27.0m (up 76% from 2Q 2022).
• Profit margin: 26% (up from 16% in 2Q 2022). The increase in margin was primarily driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

NetLink NBN Trust Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Telecom industry in Asia.

Performance of the market in Singapore.

The company's shares are up 2.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for NetLink NBN Trust that you need to be mindful of.

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