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Comba Telecom Systems Holdings ( (HK:2342) ) has issued an announcement.
Comba Telecom Systems Holdings Limited announced a profit warning, projecting a loss of HK$600 million for the fiscal year ending December 2024, compared to a profit of HK$6.7 million the previous year. The loss is attributed to delays in network capital projects by global telecom operators, inventory write-offs, and financial impacts from terminating a proposed spin-off and separate listing of its subsidiary Comba Network Systems. Despite the setback, the company remains financially sound with increased international orders and recovering domestic demand, and it continues to optimize operations and explore new product launches.
More about Comba Telecom Systems Holdings
Comba Telecom Systems Holdings Limited operates in the telecommunications industry, focusing on providing wireless communication solutions and network infrastructure. The company’s primary products and services include network equipment and solutions that cater to global telecom operators.
YTD Price Performance: 67.50%
Average Trading Volume: 8,927
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $366.6M
Learn more about 2342 stock on TipRanks’ Stock Analysis page.
