Creative Technology posts Q2 net loss of US$4.2m, easing from a year ago
CREATIVE Technology posted a net loss of US$4.2 million for its second quarter ended Dec 31, easing from the US$6.5 million loss a year ago.
Turnover dipped 6 per cent to US$20.9 million for the quarter, due to the "uncertain and difficult market conditions" which continued to affect the sales of the group's products.
Loss per share was US$0.06, compared to a loss per share of US$0.09 previously. No dividend was declared for the quarter.
In a filing to the bourse, the group expects no significant change in market conditions and the overall market for the group's products remains challenging. Revenue is expected to be lower in the upcoming quarter and the company expects to report an operating loss.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama