Acer Inc. 2011 Financial Results: Consolidated Revenue NT$475.3B (US$15.7B), Operating Loss NT 6.4B (US$211M), PAT NT$-6.6B (US$-218M), EPS NT$-2.52
TAIPEI, TAIWAN (2012-03-29)
Acer Inc. Board of Directors today approved the financial results for year 2011. Acer’s consolidated revenues were NT$475.3B (US$15.7B), declining 24% year-on-year (YOY). The operating loss reached NT$6.4B (US$211M), profits-after-tax (PAT) was NT$-6.6B (US$-218M), and earnings-per-share (EPS) was NT$-2.52.
Acer said the loss was mainly due to the one-time write-off of operations loss in EMEA, as well as the compensation for reorganization. After the operational and strategic adjustments, Acer’s current corporate constitution, inventory management, and financial structure are becoming more healthy and stable.
According to Acer’s financial figures, the consolidated revenue for Q4 2011 was NT$127.6B (US$4.2B), up 8.2% quarter-on-quarter (QOQ), operating income was NT$0.1B (US$2.7M), PAT was NT$0.1B (US$3.1M), and EPS was NT$0.03. These numbers represent a turnaround to profit for Acer after its losses in Q2 and Q3 2011.
This year’s shareholders’ meeting will be held on June 15, 2011, at the Youth Recreation Center in Taipei (#18, Section 1, Ren-Ai Road). As prescribed by law, the registration of transfer of shares will stop from April 17 to June 15.
Acer Inc. 2011 financial results:
The exchange rate was US$1: NT$30.29.
Acer Inc. consolidated revenue includes revenues from other companies in which Acer Inc. has 50% or more ownership, and already deducts any revenues between Acer Inc. and these companies to avoid double-counting.