Creative Technology, a digital sound technology company, issued a statement on Friday (July 11), expecting the group's revenue in the second half of fiscal 2025 to be lower than the target level, about US$30 million (S$38.38 million), and its operating loss will be comparable to that in the first half of the year.
The company will announce its full-year financial results for fiscal year 2025 in August.
Innovation Technology rose 0.61% on Friday to close at $0.83.
Innovation Technology said that as of the second half of fiscal year 2025 ended June 30, the group's revenue was affected by multiple negative effects, including the uncertain macroeconomic environment, weakening consumer confidence due to the US's increased trade tariffs and global trade tensions. At the same time, the company is actively promoting a number of measures to promote revenue growth and optimize resource allocation.