The Wall Street Journal-20080130-Creative Technology Ltd-- Net Profit Drops 92-

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Creative Technology Ltd.: Net Profit Drops 92%

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Creative Technology Ltd. reported a drop in its net profit for the second quarter. Net profit fell 92% to $7.6 million, the company said in a filing to the Singapore Exchange. Revenue in the quarter fell 19% to $262.5 million from $324.4 million a year earlier. In the second quarter last year, Creative Technology posted a net profit of $92.1 million.