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Creative restructures, narrows Q4 loss
Published Wed, Aug 6, 2014 · 10:00 PM
CREATIVE Technology narrowed its net loss for its fiscal fourth quarter, thanks mainly to higher tax credits. It also undertook a restructuring exercise in the quarter that resulted in a cut in worldwide headcount.
Net loss for the three months ended June 30, 2014, stood at US$3.39 million, compared with a net loss of US$6.54 million. This translated to a loss o…
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