Netlink NBN continues upward trajectory through 2022: OCBC

Company revenue projected to reach $396.7m next year.

Netlink NBN Trust revenues will continue to soar through 2022 despite revenue dipping by 0.5% YoY for 9MFY21, according to an investment research by OCBC.

The research said the slight decrease was due to lower installation-related revenues but was partially offset by higher residential and NBAP & Segment connections revenue.

Revenue rose by 3.5% YoY to $94.8m in Q3 FY21 with profits after tax rising by 14.8% YoY to $24.7m.

OCBC projects company revenue will continue on its upward trajectory from $370.2m in 2020 to $386.3m this year. This will continue to 2022 with revenues predicted to reach $396.7m

The research also said Netlink NBN’s potential may be offset with risk such as the threat of fibre technology becoming obsolete and prolonged disruption from COVID-19 in the future.