Creative Technology's Q1 loss narrows on lower expenses

CREATIVE Technology on Thursday posted a narrowing in net loss for its fiscal first quarter as it tightened expenses.

Net loss for the three months ended Sept 30, 2016 stood at US$6.2 million, compared to US$13.9 million from a year ago.

Sales fell 23 per cent to US$17.3 million, but costs decreased by a greater percentage. All in, gross profit was down 16 per cent to US$4.83 million.

But Creative kept total expenses lower by 37 per cent at US$11.2 million.