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Creative Technology narrows 2Q losses

The Edge Singapore
The Edge Singapore • 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.
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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.

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