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Creative Technology rakes in $47 million in net profit from gains, licensing income

Published on Jan 29, 2013 8:29 PM
 
The Creative HanZPad from Creative Technology which has roared back into the black in the second quarter, with a net profit of US$38.1 million (S$46.9 million). -- PHOTO: CREATIVE TECHNOLOGY

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.

 
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