NetLink NBN Trust was able to maintain a steady business amid the pandemic.
For its 2HFY21 ended March, it reported distribution per unit of 2.55 cents up 0.8% y-o-y. DPU for the full year was 5.08 cents, up 0.6%.
For the full year, revenue was down 0.5% y-o-y to $368.5 million, but distributions attributable to unitholders was $198 million, up 0.6%.
SEE:Netlink reports slight fall in revenue for 9M21, but higher profits and EBITDA
Despite the virtually unchanged earnings, Netlink warns that as the pandemic is on-going, it “remains mindful of this uncertainty and the potential impact it might have on the Group’s operations.”
Nevertheless, it believes its business model is resilient and well-supported by predictable revenue streams, and it expects to maintain its distributions to unitholders.
Going forward, it is continuing to expand its network in new housing estates and is also exploring opportunities to invest in telecommunication infrastructure businesses overseas.
Netlink NBN Trust closed May 11 unchanged 98 cents.
