SINGAPORE (Nov 9): NetLink NBN Trust has reported $13 million in earnings for the period from June 19 to Sept 30. This is 4.9% higher than the 12.4 million forecast.

This came on the back of lower operating costs of $2.5 million and lower staff costs of $3.9 million, says NetLink NBN Management.

Revenue for the period under review came in at $64.8 million, 1.2% lower than forecast. This was mainly due to lower installation revenue as there was a decrease in demand for installation of termination points in residential homes as the rate of migration by non-fibre subscribers to fibre was slower than expected.

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