Comba Telecom Announces Positive Profit Alert For 2015 Annual Results05/30/2017:
(18 February 2016, Hong Kong) – Comba Telecom Systems Holdings Limited (“Comba Telecom” or the “Group”, Hong Kong stock code: 2342), a leading global wireless solutions provider, today announced that the Group expects to record an increase by not less than 40% in its net profit for the year ended 31 December 2015 as compared to the previous year of HK$151,061,000.
The expected increase in the Group’s results for the reported year is mainly attributable to the continuous improvement in overall gross profit margin as well as greater operational effectiveness as a result of implementation of a diverse set of cost control measures. Despite partial contribution was offset by foreign exchange loss, the Group still expects to record an increase in its net profit.
Mr. Zhang Yue Jun, Vice Chairman & President of Comba Telecom, said, “Despite the domestic and global economic fluctuations in 2015, the overall profitability of the Group was driven by the steady development of the mobile communications industry coupled with continuous business transformation. As the current economy continues to be full of challenges, the Group will advance cautiously and adjust its strategies to accommodate evolving economic trends. On the other hand, the mobile internet is expected to be one of the important driving forces in China’s economic development as businesses are transitioning to become more digital and intelligent. Comba Telecom will remain dedicated and strive to achieve even better results in the upcoming year by seizing potential opportunities through innovative businesses and products.”