Creative Q02FY12 Loss US$33.9 Million

Creative is still bleeding after so many quarter results. This time, Q02FY12, the loss was US$33.9 million. Creative blames it on the installation and operation of a wireless broadband network in Singapore by a subsidiary QMax Communications Pte Ltd (“QMax”). QMax suspended the wireless broadband project as the vendor for the equipment has failed to deliver on the key network performance