Comba Telecom Systems Holdings (HK:2342) has released an update.
Comba Telecom Systems Holdings Limited, a company listed in Hong Kong and Singapore, has issued a profit warning, expecting to report a loss of no more than HK$160 million for the first half of 2024. This anticipated loss, contrasting with the HK$112 million profit from the same period in 2023, is primarily due to delays in telecom network projects and losses from equity investments. Despite these setbacks, the company’s Board remains optimistic about the future and assures that its financial position is stable with sufficient working capital.
For further insights into HK:2342 stock, check out TipRanks’ Stock Analysis page.
