NetLink NBN Trust (CJLU.SI) on Thursday reported lower full-year profit despite higher revenue, mainly due to increased expenses.
Profit before income tax fell 17.1% to S$76.33 million from S$92.12 million a year earlier.
Total expenses rose to S$344.29 million from S$323.01 million last year.
EBITDA dropped 1.8% year on year to S$282.94 million.
Profit attributable to unitholders of the trust declined to S$83.31 million or 2.14 cents per unit from S$95.35 million or 2.45 cents per unit last year.
Revenue, however, increased 1.6% to S$413.43 million from S$406.99 million a year earlier.
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