Residential connections remained the NetLink’s core revenue driver, with recurring revenue from residential connections increasing by 1.3% to $120.0 million, supported by a higher number of connections in 1HFY2022. As at Sept 30, there were 1,450,730 connections as compared to 1,437,360 connections in the same period last year.
The manager of Netlink NBN Trust has declared a DPU of 2.56 cents for the 1HFY2022 ended September period, representing a 1.2% increase from 2.53 cents in 1HFY2021.
Similarly, revenue was up by 3.6% to $187.9 million from $181.5 million in the previous year, mainly due to higher residential, non-building address points (NBAP) & segment connections revenue, installation-related revenue and diversion revenue, partially offset by lower ducts and manholes service revenue and Central Office revenue.
