Creo Reports Q2 Financial Results

Published: June 05, 2005, By pffc-online.com

PRESS RELEASE

VANCOUVER, CANADA&$8212;Creo has announced its financial results for the 2005 fiscal second quarter ended March 31, 2005, reported in U.S. dollars. Revenue increased 3.8% to $164 million from $158.1 million in the second quarter of 2004, resulting from the growth in consumables revenue and the strength of the euro and yen compared to the U.S. dollar.

Creo also reported a net loss of $4.1 million—or seven cents per share —for the second quarter of 2005 due to the impact of foreign currency on net monetary assets and lower gross profit.

For more results and detailed financial information, see creo.com.