Creative Technology rakes in $47 million in net profit from gains, licensing income
HOMEGROWN Creative Technology has roared back into the black in the second quarter, with a net profit of US$38.1 million (S$46.9 million).
Sales for the three months ended Dec 31 rose by 10.1 per cent to US$65.6 million.
The improvement in net results was due mainly to the US$20 million licensing income and other gains of US$26.3 million.
Thanks to the licencing income, gross profit margin amounted to 47 per cent.