Creative expects reduced losses for 2HFY2023 following restructuring

Creative Technology (SGX:C76) has reported a loss of US$10.6 million ($14.1 million) for 1HFY2023, reversing from earnings of US$1.24 million recorded in the year earlier.

Revenue in the same period was US$28.2 million, down 17% y-o-y from US$34.2 million.