Summary by Futu AI
COMBA announced that, due to the International Monetary Fund designating the Lao People's Democratic Republic as a country with hyperinflation, additional time is needed to assess the application of financial reporting standards and complete the audit of the consolidated financial statements for 2024. As a result, the announcement of the 2024 full-year results will be delayed. The Board of Directors meeting originally scheduled for March 20, 2025, will now be postponed to March 27. The Board of Directors reiterated that there are no other outstanding issues aside from the aforementioned delay, and the group's operations remain normal.The Board of Directors maintains the expectations set forth in the previous profit warning, anticipating that the loss attributable to the group's parent company for the fiscal year 2024 will not exceed 0.6 billion HKD. The aforementioned hyperinflation situation in Laos is not expected to have a significant impact on the loss attributable to the group's parent company. The company's business in Laos primarily involves providing Telecommunication Services and value-added services to Operators.