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Creative Technology FY15 Net Loss Worsens 53%
Daily Bulletin | 26 August 2015
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Creative Technology reported FY15 net loss of US$33.4 million, 52.9 percent worse than the net loss of US$21.8 million last year, after revenue and other losses took a hit.

Revenue experienced a 14.5 percent dive to US$99.5 million due to uncertain and difficult market conditions.

Despite having a 140.1 percent leap in other gains to US$9.6 million, it was offset by other losses which rocketed to a whopping US$16.8 million from US$0.9 million last year, mainly attributed to foreign exchange loss and impairment loss on investments, pulling the company further into the red.

Creative Technology  2.820 -0.01 -0.35%   
Business: [FY18 Turnover] Audio, speakers & headphones (94.3%), personal digital entertainment (3.1%), other products (2.6%).

Insight: Feb-19, 1H19 net sales decreased by 20% due to the... Read More

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