Acer 1H’13 Results: Consolidated Revenue NT$181.35B (US$6.02B), Operating Loss NT$585M (US$19.4M), PAT NT$171M (US$5.68M), EPS NT$0.06
TAIPEI, TAIWAN (2013-08-07)
Acer’s financial results for 1H 2013, approved by its board of directors, are: consolidated revenue of NT$181.35B (US$6.02B), down 18.9% on year; operating loss of NT$585M (US$19.4M); PAT of NT$171M (US$5.68M); and earnings per share of NT$0.06.
In Q2 alone, Acer’s consolidated revenue was NT$89.38B (US$2.97B), down 2.8% on quarter or down 19.2% on year; operating loss was NT$613M (US$20.35M); loss after tax was NT$343M (US$11.39M); and loss per share was NT$0.13.
The operating loss was largely due to increasing expenses on investments to strengthen company’s industrial design capability, and the declining gross margin due to DRAM’s price hike.
Acer will hold a conference call for investors on August 8 to report operational status and strategy. Notes:
The spot rate as of June 30, 2013 was used — US$1: NT$30.12.
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.