"Profit Alert" COMBA expects to turn a loss into a profit last year, earning at least 10 million yuan

COMBA (02342.HK) issued a profit warning, expecting to record a net profit of no less than HKD 10 million for the year ending last December, compared to a net loss of approximately HKD 564 million in the same period last year.

The board believes that the turnaround from loss to profit is mainly due to an increase in overall revenue and gross profit. At the same time, the group is promoting overall efficiency improvements and implementing cost and expense control measures, resulting in a decrease in operating expense ratio. Looking ahead, the board is confident in the opportunities and prospects of the global ICT market and maintains a cautiously optimistic attitude