Creative posts net loss of US$2.66m in Q4

Creative Technology recorded a net loss of US$2.66 million in the financial fourth quarter ending June 30, which was 22 per cent less than the US$3.38 million it posted one year ago. Revenue for the quarter was down 8 per cent to US$21.16 million from US$23.05 million, one year ago.

Net loss for the full year was US$33.39 million which was 53 per cent higher compared to a net loss of US$21.77 million in fiscal 2014. This came on the back of a 14 per cent decrease in full year revenue to US$99.48 million from US$116.33 million one year ago.

Loss attributable to shareholders of the company was 4 US cents per share in the fourth quarter of fiscal 2015 compared to 5 US cents one year ago. For full year fiscal 2015 the loss per share was 47 US cents compared to 31 US cents one year ago.