Achieved Economies of Scale Results Improved Significantly
(23 July 2009 – Hong Kong) –Comba Telecom Systems Holdings Limited (“Comba” or “the Group”, Hong Kong stock code: 2342), a leading wireless enhancement solutions provider, is pleased to announce that the Group’s unaudited profit for the six months ended 30 June 2009 is expected to have a significant increase when compared with the same period last year.
The Group preliminarily expected that the revenue of the Group for the first half of 2009 will increase over 80% when compared with the prior period. In addition, the net profit of the Group for the period may increase at a higher rate than the growth of the revenue, as a result of the economy of scale and costs control measures of the Group. Detailed financial information will be disclosed in the Interim Report 2009 of the Group.
Mr. Tony TL Fok, Chairman and President of Comba, said, “I am delighted that Comba’s estimated results shows significant improvement, reflecting the effectiveness of the Group’s stringent cost control measures. Due to the completion of the re-structuring of the PRC’s telecommunications industry and the issuance of 3G mobile licenses commenced in the early 2009, there has been a strong growing demand of the mobile network communications equipment and Comba has been able to benefit from it. Comba will continue to boost R&D of 3G products and seize the opportunities brought about by the expansion of network facilities by major telecommunications operator, in order to maximize the Group’s revenue and bring best returns to shareholders.”
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