Creative Announces 4th Quarter 2003 Results

By Thomas McGuire on August 6, 2003, 12:24 PM
Sales for the fourth quarter were $149.6 million, in line with the Company's guidance. This compares to sales of $182.6 million for the same quarter of last year. Creative achieved net income for the fourth quarter of $4.6 million, & earnings per share met the Company's expectations, coming in at $0.06. This compares to last year's fourth quarter net loss of $48.4 million & loss per share of $0.65.

"Between now & the end of the year, we plan to launch over 90 products, the most in our history," said Sim Wong Hoo, chairman & CEO of Creative Technology Ltd. "The introductions will come across all of our product categories & will extend our leadership position in Personal Digital Entertainment.

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