Acer Reports 2014 Full Year Results: Consolidated Revenues NT$329.68B (US$10.39B), Operating Income NT$2.71B (US$85.37M), Net Income NT$1.79B (US$56.46M)
Acer successfully stabilizes operations in 2014
TAIPEI, TAIWAN - Acer Inc. announces the financial results for fiscal 2014 and the fourth quarter ended December 31, 2014.
Acer reports 2014 consolidated revenues of NT$329.68 billion (US$10.39 billion), down 8.5% year-on-year (YoY); gross profits of NT$28.94 billion (US$912.48 million), up 28.3% YoY with 8.8% margin; operating income of NT$2.71 billion (US$85.37 million) with 0.8% margin; profits after tax (PAT or net income) of NT$1.79 billion (US$56.46 million) with 0.5% net margin; and earnings per share (EPS) of NT$0.66.
On a sequential basis, Acer reports fourth quarter consolidated revenues of NT$85.94 billion (US$2.71 billion), up 0.3% quarter-on-quarter (QoQ) or down 0.8% YoY; gross profits of NT$7.36 billion (US$232.09 million), representing growth by more than six fold and 8.6% margin; operating income of NT$814 million (US$25.67 million) with 0.9% margin; PAT of NT$654 million (US$20.63 million), showing growth of 0.5% QoQ or by NT$8.23 billion (US$ 259 million) YoY; and EPS of NT$0.24.
The results show that Acer has stayed profitable throughout the entire year with increasing profits each consecutive quarter and has steadily turned its operations around.
Following Taiwan government regulations, Acer’s board of directors proposed to reserve funds to offset deficits and, hence, not to distribute dividends for fiscal year 2014.
Acer will hold its shareholders’ meeting on June 23 in Taipei.
The exchange rate was US$1: NT$31.718.
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.