Creative Technology

Creative Technology: 1QFY15 net loss widened to US$9.8m from a net loss of US$5.5m from the previous year. Revenue fell 20.0% to US$24.3m, due to the uncertain and difficult market conditions which continued to affect the sales of the group’s products. Gross margin was relatively unchanged at 28%, while bottom-line was weighed by US$3.6m of FX losses, versus other gains of US$1.4m in the previous quarter.