Wednesday, February 15th 2012
Acer announces 2011 preliminary financial results - Q411 result above breakeven
Acer Inc. announces the 2011 preliminary financial results, with the operating income of NT$0.1B (US$2.4M) in Q4, representing a turnaround from operating loss to profit in the last quarter.
According to Acer's preliminary financial figures, the consolidated revenue for Q4 2011 was NT$127.7B (US$4.2B), up 8.3% quarter-on-quarter (QOQ), operating income was NT$0.1B (US$2.4M), profit after tax (PAT) was NT$0.1B (US$2.5M) and earnings per share (EPS) was NT$0.03. These numbers represent a turnaround to profit for Acer after back-to-back losses in Q2 and Q3 2011.
In 2011, Acer's preliminary consolidated revenue was NT$475.5B (US$15.7B), declining 24.4% YOY. Mainly due to the one-time write-off in EMEA in Q2, Acer's annual operating loss reached NT$6.4B (US$212M), PAT was -NT$6.6B (-US$219M), and EPS was -NT$2.52.
During Q4 2011, Acer's consolidated revenue declined 14.4% and operating income decreased 98.4%, in comparison to the same period of 2010.
After the operational and strategic adjustments from Q2 2011, Acer's current financial and business operation is becoming more healthy and stable.
According to Acer's preliminary financial figures, the consolidated revenue for Q4 2011 was NT$127.7B (US$4.2B), up 8.3% quarter-on-quarter (QOQ), operating income was NT$0.1B (US$2.4M), profit after tax (PAT) was NT$0.1B (US$2.5M) and earnings per share (EPS) was NT$0.03. These numbers represent a turnaround to profit for Acer after back-to-back losses in Q2 and Q3 2011.
In 2011, Acer's preliminary consolidated revenue was NT$475.5B (US$15.7B), declining 24.4% YOY. Mainly due to the one-time write-off in EMEA in Q2, Acer's annual operating loss reached NT$6.4B (US$212M), PAT was -NT$6.6B (-US$219M), and EPS was -NT$2.52.
During Q4 2011, Acer's consolidated revenue declined 14.4% and operating income decreased 98.4%, in comparison to the same period of 2010.
After the operational and strategic adjustments from Q2 2011, Acer's current financial and business operation is becoming more healthy and stable.