Comba buys majority stake in Laos' ETL amid lower FY

Thursday 23 March 2017 | 12:32 CET | News
Comba Telecom, a global provider of wireless products based in Hong Kong, said full year revenues fell over 12 percent from the year before to HKD 5.94 billion, as most mobile network operators spent less on the back of rapid 4G penetration and the still depressed macro-economic situation. The operator profit sank almost 24 percent although the gross profit margin increased by 0.7 percentage point, due to better efficiencies, plus growing revenue contributions from some high-end products. Combo will recommend a final dividend of 0.8 cents per ordinary share, for an annual dividend payout

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Categories: Mobile & Wireless
Countries: Lao People's Democratic Republic / World
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