Creative: 1Q14 Net Loss Up 24% To US$5.5 Million. 31 Oct 2013 10:16 Net sales for the first quarter of FY2014 decreased by 15% compared to the same quarter in FY2013. Revenue was lower in the first quarter of FY2014 due to the uncertain and difficult market conditions which continued to affect the sales of Creative Technology Ltds products. Net loss for the first quarter of FY2014 was US$5.5 million compared to net loss of US$4.5 million in the first quarter of FY2013. The Group expects no major improvement in the difficult and uncertain market conditions, and the overall market for the Groups products remains challenging. However, revenue is expected to be higher for the holiday season in this quarter compared to the current level and the Group expects an improvement in operating results for the quarter from the current level... shareinvestor/news/news.html?source=sg_si_express&nid=71115
Posted on: Thu, 31 Oct 2013 03:18:46 +0000