The_King Posted September 13, 2020 Share Posted September 13, 2020 SINGAPORE (THE BUSINESS TIMES) - Creative Technology's net loss for the fiscal year year ended June 30 widened to US$17.6 million, from a loss of US$3.8 million last year. Revenue for the full year rose 11 per cent to US$61.2 million, up from US$54.9 million a year ago. This came about as the home-grown audio firm sank into the red in the second half with a net loss of US$9.1 million compared with a net profit of US$7.2 million a year ago. This was mainly due to other losses of US$1.1 million for the second half of the year, versus other gains of US$17.7 million for H2 FY2019, the mainboard-listed company said in a regulatory filing on Thursday night (Aug 27). Other losses for the second half of FY2020 were mainly due to fair value loss on financial assets, while other gains for the year-ago period were mainly attributable to US$17.9 million received from the settlement of patent lawsuits, which were partially offset by fair value loss on financial assets, Creative said. Loss per share stood at US$0.13 for the half year period, versus earnings per share of US$0.10 in the preceding year. Revenue for H2 rose 17 per cent to US$29.9 million, from S$25.5 million a year earlier. This was due to an increase in sales from new products launched during the financial year, Creative said. No dividend was declared for the half year, unchanged from a year ago. Shares in Creative closed flat at $2.74 on Thursday, before its results announcement. 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 13, 2020 Share Posted September 13, 2020 now this company only income is from patent royalty. at one stage. the company share is almost sgd70 per share. know of a kgk who went to buy it at 50 and investment is total wiped out. thats why must understand the biz b4 buying the share. wahahahahhahahah 2 Link to comment Share on other sites More sharing options...
The_King Posted September 13, 2020 Author Share Posted September 13, 2020 27 minutes ago, socrates469bc said: now this company only income is from patent royalty. at one stage. the company share is almost sgd70 per share. know of a kgk who went to buy it at 50 and investment is total wiped out. thats why must understand the biz b4 buying the share. wahahahahhahahah how is he now? Link to comment Share on other sites More sharing options...
socrates469bc Posted September 14, 2020 Share Posted September 14, 2020 10 hours ago, The_King said: how is he now? the guy pass away liao. but lucky he didnt bet all his money, so he left something behind for his children. 1 Link to comment Share on other sites More sharing options...
aaur4man Posted September 14, 2020 Share Posted September 14, 2020 Old skool uncle cannot innovate liao. Need fresh blood Link to comment Share on other sites More sharing options...
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