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Comba Telecom earnings down 96.5% y-o-y to HK$6.7 mil; no final dividend declared

Bryan Wu
Bryan Wu • 3 min read
Comba Telecom earnings down 96.5% y-o-y to HK$6.7 mil; no final dividend declared
A decrease in revenue and gross profit, and the increase in total operating expenses contributed to the earnings slump. Photo: Albert Chua/The Edge Singapore
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Comba Telecom Systems (SGX:STC) has announced earnings of HK$6.7 million ($1.1 million) for the FY2023 ended Dec 31, a 96.5% drop from its earnings of HK$190.2 million in FY2022.

As a result, FY2023 earnings per share for the telecommunications company, which is dual-listed on the Stock Exchange of Hong Kong (HKSE), decreased to 0.24 HK cents from 6.84 HK cents in FY2022

For the full-year period, Comba’s revenue was down by 6.0% y-o-y to HK$5.98 billion, while its cost of sales also decreased 3.8% to HK$4.32 billion compared to FY2022.

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