Creative's Q3 loss widens

CREATIVE Technology's net loss widened by more than a third to US$11.7 million for the third quarter ended March 31, 2015, from S$8.8 million a year ago.

The higher net loss was due mainly to other losses (net) of US$4.7 million, compared to other gains (net) of US$0.6 million a year ago.

Revenue for the quarter slumped 9 per cent year-on-year from US$25.1 million to US$22.7 million, due to the uncertain and difficult market conditions which continued to affect the sales of the group's products.