(24 July 2015, 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 a substantial increase of not less than 40% in its unaudited net profit for the six months ended 30 June 2015 as compared to the corresponding period of the previous year of HK$72,305,000.
The expected increase in the Group’s results for the reporting period is mainly attributable to the continuous improvement in total revenue of the Group due to the kick-off of 4G network investment cycle and the increased investment in the wireless enhancement in Mainland China. In addition, overall gross profit margin has been improved due to the optimization of product mix and the growing revenue contribution by some new and high-end products, and greater economy of scale has been achieved as a result of effective cost control measures. Despite partial contribution was offset by foreign exchange loss, the Group still expects to record a substantial increase in its net profit.
Mr. Zhang Yue Jun, Vice Chairman & President of Comba Telecom, said, “The Group expects its 2015 interim results will continue to improve, which is certainly exciting news and highlights the effectiveness of the Group’s development strategies as well as the hard work of the entire staff. China has entered the 4G era and the arrival of 5G is not far away. ‘Internet Plus’ and ‘Internet-of-Things’ are set to create more opportunities. Looking ahead, although the Group will continue to face challenges, it will strive to capture every opportunity and innovate so as to maintain its leadership position amid the big data era.”