Creative Technology says it is expecting to report a “similar level of operating loss” for the 2HFY2025 ended June 30 compared to its 1HFY2025.
Revenue for the second half of the company’s financial year is also expected to be below target at around US$30 million ($38.4 million) due to the uncertain macroeconomic conditions and weakening consumer sentiments stemming from the US trade tariffs and global trade tensions.
“These factors have adversely affected the business environment in many markets for the group’s products,” says Creative in its July 11 statement.
Meanwhile, the group is “ramping up” initiatives to boost revenue growth while optimising its resources.
The company will announce its FY2025 results in August.
Shares in Creative closed 0.5 cents higher or 0.61% up at 83 cents on July 11.
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