Creative Technology, which makes digital entertainment products, saw its 1Q net loss narrow by 42% to US$13.9 million ($19.5 million), owing to restructuring exercise in the quarter.
The group reduced its worldwide headcount, incurring total employee severance charges of US$4.1 million. Some US$2.3 million went into R&D expenses for the quarter.
Revenue was down 7% at US$22.5 million.
Creative Technology closed 32.2% higher at $1.32.
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The group reduced its worldwide headcount, incurring total employee severance charges of US$4.1 million. Some US$2.3 million went into R&D expenses for the quarter.
Revenue was down 7% at US$22.5 million.
Creative Technology closed 32.2% higher at $1.32.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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