Comba Telecom profit rises to HK$82m, pays dividend

Business | 16 Aug 2019 7:20 pm

Comba Telecom Systems reported that net profit jumped by 2.91 times to HK$82 million for the six months ended June 30.

The basic earnings per share were 3.35 HK cents.

Combo Telecom declared an interim dividend of 1 HK cents, for the first time since the 2017 financial year. The dividend payout ratio was 29.9 percent.

Revenue grew by 10.3 percent to HK$2.75 billion.

As for the dividend policy, chairman Fok Tung-ling said if the group records profit, it will propose dividends based on cash flow, with a stable payout ratio.

He said the escalating Sino-US trade war had not had a significant impact on the company, so far.

Fok said the 5G related orders merely made up a small portion of its business at present and expects the mainland will wait until next year to start large-scale 5G commercialization.

 

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