Shares & Derivatives
Netlink Trust Delivers Excellent 9.6% Increase in Net Profits for Q3 FY2020- Holding Steady Amidst The Novel Coronavirus Outbreak
By Investment Income for Life  •  February 11, 2020
Netlink Trust seems to have weathered the current coronavirus storm well and its price shot up to S$1.010 per unit from S$0.945 per unit just 2 weeks back (13 Jan 2020). For its Q3 FY2020 results, Netlink Trust reported a 9.6% year on year increase in profit after taxation from S$19.6Mil to S$21.5Mil. For the 9mths YTD FY2020 performance, it was even more impressive with a 14.5% profit after tax increasing from S$57.3Mil to S$65.6Mil mainly due to the higher revenue generated from residential connections from the shift of Starhub cable subscribers to fibre optic which was completed by period ending September 2019.
With the upcoming collaboration with telecom companies for the deployment of 5G infrastructure, Netlink Trust should be able to continue to deliver even higher revenue and profitability. Netlink Trust will be able to charge a connection fees for every new 5G base station being setup. The national 5G
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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