Creative Technology Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company's net sales were $31.3 million compared with $37.8 million a year ago. Revenue in the quarter and first half was lower due to the uncertain and difficult market conditions which continued to affect the sales of the Group's products. Loss before income tax was $9.2 million compared with $4.1 million a year ago. Net loss was $9.2 million compared with $4.1 million a year ago. Net loss attributable to equity holders of the company was $9.2 million or $0.13 per basic and diluted share compared with $4.2 million or $0.06 per basic and diluted share a year ago. The higher net loss in the quarter was due mainly to other losses (net) of $4.6 million in the second quarter of fiscal 2015 compared to other losses (net) of $0.4 million in the second quarter of fiscal 2014.

For the six months, the company's net sales were $55.6 million compared with $68.2 million a year ago. Loss before income tax was $18.99 million compared with $9.6 million a year ago. Net loss was $19.0 million compared with $9.6 million a year ago. Net loss attributable to equity holders of the company was $19.0 million or $0.27 per basic and diluted share compared with $9.7 million or $0.14 per basic and diluted share a year ago. The higher net loss in the first half year of fiscal 2015 was due mainly to other losses (net) of $8.2 million in the first half year of fiscal 2015 compared to other gains (net) of $1.0 million in the first half year of fiscal 2014. Net cash used in operating activities was $14.4 million compared with $16.4 million a year ago. The decrease was due mainly to the net operating loss for the period, an increase in trade receivables and a decrease in accrued liabilities and provisions, offset partially by a decrease in inventories. Purchase of property and equipment was $0.06 million compared with $0.08 million a year ago. As on December 31, 2014, the company's net asset value per ordinary share was $1.69.