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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.

sentifi.com

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