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Creative Tech sinks into losses in 3Q

PC Lee
PC Lee4/27/2017 10:20 PM GMT+08  • 1 min read
Creative Tech sinks into losses in 3Q
SINGAPORE (April 27): Creative Technology sank into the red for the third quarter ended March with a net loss of US$4.61 million ($6.4 million) compared to a net profit of US$4.04 million a year ago.
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SINGAPORE (April 27): Creative Technology sank into the red for the third quarter ended March with a net loss of US$4.61 million ($6.4 million) compared to a net profit of US$4.04 million a year ago.

The corresponding quarter a year ago had benefited from a gain of US$13.69 million.

Sales fell 13% to US$16 million "due to the uncertain and difficult market conditions which continued to affect the sales of the group's products", the company said.

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