Comba Telecom delays 2024 results, board meeting postponed

Comba Telecom Systems Holdings Limited (HKEX: 2342) announced a delay in publishing its 2024 annual results, initially scheduled for March 20, 2025. The postponement stems from the International Monetary Fund's classification of the Lao People's Democratic Republic, where one of Comba's subsidiaries operates, as a hyperinflation state. This requires the company to assess and apply relevant financial reporting standards, necessitating additional time to finalize consolidated financial statements and complete the audit. The board meeting to approve the results and consider a final dividend has been moved to March 27, 2025. While a delay is expected, Comba maintains that the loss attributable to owners of the parent company will not exceed HK$600 million, as previously indicated in its profit warning announcement dated January 27, 2025.