CREATIVE Technology on Thursday said its net loss narrowed from US$4.92 million a year ago to US$2.8 million for the three months ended Dec 31. Sales rose 6 per cent to US$17.2 million, while loss per share worked out to four US cents, down from seven cents in the same period in 2018.For the six months ended Dec 31, revenue was 6 per cent higher at US$31.21 million, while net loss was trimmed to US$8.47 million, from US$11.04 million a year earlier.
"For the next two quarters, revenue is expected to be lower compared to the current level and the group expects to report an operating loss." No dividend has been recommended in the second quarter of FY20, as was the case for the corresponding period a year ago.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US files lawsuits over robocall scams, cites 'massive financial losses'WASHINGTON: The U.S. government on Tuesday sued five U.S. companies and three individuals, alleging they were behind hundreds of millions of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Pompeo takes on growing rift with Brexit BritainUS Secretary of State Mike Pompeo visits London on Wednesday to salvage a post-Brexit alliance with an old friend whose defiance on China and Iran ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Confined at home, Chinese get creative to beat boredomChinese around the country confined to their apartments either by choice or by order are making the best of the situation as cities remain in lockdown in a desperate bid to contain a new, dangerous virus. A couple from Shantou, a coastal city in Guangdong province, recreated a childhood game at home
Source: YahooSG - 🏆 3. / 71 Read more »
Hyflux lawyers WongP to discharge itself, cites confidence lossHyflux lawyers WongPartnership to discharge itself, cites confidence loss
Source: BusinessTimes - 🏆 15. / 51 Read more »
US House Democrats call for US$760 billion in infrastructure spending over 5 yearsWASHINGTON (NYTIMES) - US House Democrats on Wednesday (Jan 29) plan to unveil a five-year, US$760 billion (S$1 trillion) framework for rebuilding the nation's highways, airports and other infrastructure, laying out an election-year package with little chance of enactment after bipartisan talks with the White House on the issue failed to gain traction.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US budget deficit to top US$1 trillion in 2020 despite strong economy, CBO saysThe U.S. economy will grow at a 'solid' rate of 2.2per cent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »