According to the company, its revenue was negatively impacted by the “uncertain economic conditions” due to the ongoing global events. These include the pandemic-related lockdowns in China, the Russo-Ukraine war and related sanctions, as well as inflation rates.
“These have adversely affected the business environment in many markets for the group’s products,” reads the statement released by Creative Technology.
The company will release its results for the FY2022 in August.
Shares in Creative Technology closed 5 cents lower or 2.34% down at $2.09 on July 1.
