NLT designs, builds, owns and operates the fibre network infrastructure which is the foundation of Singapore’s Next Generation Nationwide Broadband Network.
Following resilient earnings reported in 1HFY2021, four in five brokerages are recommending investors to accumulate units in NetLink NBN Trust (NetLink Trust).
On Nov 1, NetLink NBN Trust declared distribution per unit (DPU) of 2.53 cents for the 1HFY2021, up 0.4% from the 2.52 cents posted a year ago. The increased DPU comes on the back of 1HFY2021 earnings of $44.8 million, up 1.5% from the $44.1 million registered in 1HFY2020.
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