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Creative reportst FY09 Results (06 Aug 09)
- Revenue: -39% (4Q09), -37% (FY09)
- Net Profit: NM (4Q09), NM (FY09)
- Outlook: During FY2009, Creative has focused on a complete restructuring of its worldwide sales and marketing operations.
- The other major development is the recently announced Zii Platform.
- Creative’s restructuring efforts have resulted in a significant reduction of fourth quarter operating expenses compared to the same quarter last year.
- As Creative begins FY2010, its major restructuring efforts are substantially complete.
- Looking forward Creative will intensify its focus on marketing the Zii Platform.
- As a result of these marketing efforts, operating expenses will increase.
- The overall market for Creative’s current products remains difficult and unpredictable but Creative is targeting to further reduce its losses in the current quarter.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 141,230 155,695 83,089 86,060
2008 184,557 262,536 150,302 139,453 736,848
2007 241,512 324,356 183,828 165,210 914,906
2006 280,173 390,826 225,657 230,875 1,127,531
2005 210,020 375,142 333,840 305,409 1,224,411
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 (32,152) (32,439) (41,849) (13,961) (137,873)
2008 1,310 7,628 3,047 (31,719) (19,734)
2007 (21,008) 92,122 (23,613) (19,312) 28,189
2006 691 8,211 (114,329) (12,732) (118,159)
2005 4,776 11,843 15,913 (31,944) 588
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Dividends
FY Interim Final Special (SGD)
2009 NA 0.10 NA
2008 0.25 NA NA
FY Interim Final Special (USD)
2007 0.25 NA NA
2006 0.25 NA NA
2005 0.25 NA 0.25
2004 0.25 NA NA
2003 0.25 NA NA
2002 0.25 NA NA
2001 0.25 NA 0.25
2000 0.25 NA NA
1999 0.25 NA 0.25
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (USD)
NAV = $4.30
EPS = $(1.88) (12M FY09)
Diluted EPS = $(1.88) (12M FY09)
No of Shares = 68,891,468
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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