Creative has released its Q3FY11 Financial Results and things ain't pretty.
Net Sales
- decreased by 10% compared to the same period last year due to the difficult market particularly for the company's personal digital entertainment products
Gross Profit
- stands at 24% which is rather healthy I would say
Net Loss
- US$27.4 million for the past 9 months. R&D increased by 16% as it is critical to the company's business
Prospect
- Creative expects to report another loss for the current quarter
- The company will take steps to reduce expenses and headcount this quarter and to incur US$10 million in this retrenchment exercise
- Creative is targeting to return to profitability this calendar year
For the full release, please visit, download the Earning Release PDF.
Net Sales
- decreased by 10% compared to the same period last year due to the difficult market particularly for the company's personal digital entertainment products
Gross Profit
- stands at 24% which is rather healthy I would say
Net Loss
- US$27.4 million for the past 9 months. R&D increased by 16% as it is critical to the company's business
Prospect
- Creative expects to report another loss for the current quarter
- The company will take steps to reduce expenses and headcount this quarter and to incur US$10 million in this retrenchment exercise
- Creative is targeting to return to profitability this calendar year
For the full release, please visit, download the Earning Release PDF.
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