Summary by Moomoo AI
COMBA issued a profit warning, anticipating that the loss attributable to the parent company for the year ending December 31, 2024, will not exceed 0.6 billion Hong Kong dollars, compared to a profit of approximately 6.7 million Hong Kong dollars in the same period of 2023. The loss is mainly due to a decline in operating revenue and gross profit caused by global Operators delaying network capital project construction, as well as the group actively dealing with inventory write-offs. Additionally, the termination of the spin-off of COMBA's network system and the plan for listing on the A-share market will incur about 0.16 billion Hong Kong dollars in financial impact.The group stated it currently maintains a sound financial condition and sufficient operating...Show More
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