Comba Telecom Reports Revenue Decline and Losses

Comba Telecom Systems Holdings (HK:2342) has released an update.

Comba Telecom Systems Holdings Limited reported a significant revenue drop of 27.4% to HK$2,343 million for the first half of 2024, and a shift from a profit of HK$112 million in 2023 to a loss of HK$(158) million. Despite the revenue decrease, the gross profit margin saw a marginal improvement of 0.3 percentage points. The company also experienced a decrease in operating cash flow, down to HK$157 million from the previous year’s HK$526 million.

For further insights into HK:2342 stock, check out TipRanks’ Stock Analysis page.