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29-10-2014, 09:35 PM
(This post was last modified: 29-10-2014, 09:40 PM by CityFarmer.)
How much more losses the company can continue taking? 5-10 million in US$ every quarter will drain out a company pretty soon...
Creative Technology sinks deeper into the red in 1Q with forex losses
By PC Lee / TheEdge Markets.com | October 29, 2014 : 7:49 PM MYT
SINGAPORE (Oct 29): Creative Technology, the manufacturer of Sound Blaster audio products, posted a net loss of US$9.9 million for 1QFY15 ended Sept.
This was larger than the net loss of US$5.5 million in 1QFY14.
The higher net loss in 1QFY15 was due mainly to higher other losses of US$3.6 million from foreign exchange loss of US$3.3 million compared to other gains of US$1.4 million in 1QFY14 mainly to foreign exchange gain of US$1.3 million.
Net sales for 1QFY15 decreased by 20% compared to the same quarter in 1QFY14.
...
http://www.theedgemarkets.com/sg/article...rex-losses
Creative Technology sinks deeper into the red in 1Q with forex losses
By PC Lee / TheEdge Markets.com | October 29, 2014 : 7:49 PM MYT
SINGAPORE (Oct 29): Creative Technology, the manufacturer of Sound Blaster audio products, posted a net loss of US$9.9 million for 1QFY15 ended Sept.
This was larger than the net loss of US$5.5 million in 1QFY14.
The higher net loss in 1QFY15 was due mainly to higher other losses of US$3.6 million from foreign exchange loss of US$3.3 million compared to other gains of US$1.4 million in 1QFY14 mainly to foreign exchange gain of US$1.3 million.
Net sales for 1QFY15 decreased by 20% compared to the same quarter in 1QFY14.
...
http://www.theedgemarkets.com/sg/article...rex-losses
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