in the six months to December, NBN Co’s revenue increased by 39%, while earnings before interest, tax, depreciation and amortization reached 775 million yuan.
The company said that it is expected to complete a large number of laying work by June 30, and it is expected that the revenue in the same period will increase to 1.81 billion yuan. Over the same period, corporate sales increased by 100 million yuan to 319 million yuan. Private sales increased from 944 million to 1.399 billion. The average monthly user income increased by 2 yuan to 45 yuan during the same period. NBN Co says it is on track to meet its planned revenue target, with 6.44 million connections as of December 31.
As the company entered the final investment stage of construction, capital expenditure was reduced from 2.9 billion yuan to 2.5 billion yuan. The company’s president, Stephen Rue, said it is expected to complete large-scale laying by June 30.
