Creative Technology has given notice that it has recorded pre-tax losses for its three most recently completed financial years in a row.
For FY2024 ended June, the group recorded a loss of US$10.8 million ($14.1 million), down 35% y-o-y from US$16.7 million in FY2023.
As at Oct 9, Creative’s latest six-month average daily market capitalisation is at $91.9 million, above the $40 million minimum.
According to Rule 1311 of the Singapore Exchange S68 (SGX) listing manual, a listed company will be placed on the watch-list if they have reported pre-tax losses for the three most recent consecutive financial years and have an average daily market capitalization of less than $40 million over the past six months.
Shares in Creative Technology C76 closed 8 cents higher, or up 6.67%, at $1.28.
