News Formal

Creative posts Q4 net loss of US$2.8m on market uncertainty

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Creative posts Q4 net loss of US$2.8m on market uncertainty.

CREATIVE Technology recorded a net loss attributable to equity holders of US$2.8 million for the fourth quarter ended June 30, compared with a net profit of US$25.6 million in the year-ago period, it said in a results release after market close on Wednesday.

Revenue for the fourth quarter fell 9 per cent to US$12.8 million from US$14.1 million in the year-ago period. Creative recorded a full-year net loss of US$3.8 million, compared with a net profit of US$40.4 million the year before. Full-year revenue was down 17 per cent at US$54.9 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks open lower on US losses[TOKYO] Tokyo stocks opened lower on Wednesday following losses on Wall Street amid lingering trade war concerns and falls in Europe on the political crisis engulfing Italy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »