Creative Technology's Q2 net loss narrows to US$2.8m

Singapore

MAINBOARD-LISTED Creative Technology's net loss narrowed from US$4.92 million a year ago to US$2.8 million for the three months ended Dec 31.

The quarter under review saw other gains of US$0.6 million, due mainly to foreign exchange gain while it recorded other losses of US$0.23 million. Sales rose 6 per cent to US$17.2 million, while loss per share worked out to four US cents, down from seven US cents in the same period in 2018.