Dual-listed Comba Telecom Systems (SGX:STC, HKG:2342) expects to book a loss attributable to owners of the group of not more than HK$600 million for the year ending Dec. 31, 2024, according to a filing with the Singapore Exchange on Monday.
The company attributed the expected loss to delayed construction of network capital projects, writing-off of relevant inventories and the financial impact of the termination of a proposed spin-off and separate listing of A-shares in Comba Network on the Science and Technology Innovation Board of Shanghai Stock Exchange.
The board said that the group's financial position remains sound and that it has sufficient working capital.
The global wireless and communication systems company will release its results in late March, the filing added.
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