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Creative posts US$6.5 million in net losses for 2Q17

Gwyneth Yeo
Gwyneth Yeo2/2/2017 08:17 PM GMT+08  • 1 min read
Creative posts US$6.5 million in net losses for 2Q17
SINGAPORE (Feb 2): Creative Technologies has reported a net loss of US$6.5 million for 2QFY17, compared with the earnings of US$12 million in 2QFY16.
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SINGAPORE (Feb 2): Creative Technologies has reported a net loss of US$6.5 million for 2QFY17, compared with the earnings of US$12 million in 2QFY16.

For the quarter ended December, revenue fell 16% to US$22.2 million due to the challenges in the markets where its products are sold.

Total expenses fell 22% to US$10.5 million, due in part to the cost cutting measures at its research and development department.

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