Razer cuts H1 loss on record sales amid lockdowns

Singapore

HONG KONG-LISTED Razer, a gaming hardware, software and services company, posted a narrower loss of US$17.3 million for the first half of 2020, compared with a loss of US$48.1 million a year ago, with the global stay-home situation having driven sales to record highs.

Revenue for the half-year ended June 30 was up 25.3 per cent to US$447.5 million on the back of better performance from the hardware business and the services business.

The company expects this growth to continue into the second half of the year, driven by new products and the growing ser…

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