Home News Results

Creative Technology narrows 2Q losses

The Edge Singapore
The Edge Singapore1/30/2020 10:51 PM GMT+08  • 2 min read
Creative Technology narrows 2Q losses
Creative Technology expects revenue for the next two quarters to be lower, and to report an operating loss. It also notes that market conditions for its products remain challenging.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 30): Audio product maker Creative Technology has reported a slight improvement in its revenue, and a narrower loss for the 2Q ended Dec 31, 2019.

Revenue in the period increased by 6% y-o-y to US$17.2million ($23.4 million), from US$16.2 million in the year-earlier period. Losses narrowed from US$4.9 million to US$2.8 million.

A write-back of a provision made earlier helped put back US$620,000 into the bottomline.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.