Acer Reports Q2 2018 Results: Highest Net Income of NT$881 Million for Q2 in Eight Years
TAIPEI, TAIWAN (2018-08-08)
Acer Inc. (TWSE: 2353) announced today its financial results for Q2 2018: consolidated revenues were NT$58.48 billion, growing 9.1% year-on-year; gross profits were NT$6.43 billion with 11% margin; operating income was NT$930 million with 1.6% margin; earnings before tax1 were NT$1.19 billion; net income2 was NT$881 million, marking the highest for the second quarter over eight years3; and earnings per share (EPS) were NT$0.29.
Acer’s double-digit gross margin over several quarters demonstrates the steady momentum of operations, while its gaming line4 was one of the key contributors of revenue growth.
1 Earnings before tax is reported as profit-before-tax in Acer’s financial statements 2 Net income is reported as profit-after-tax in Acer’s financial statements 3 The highest net income for the second quarter over eight years, from 2011 4 Acer's gaming line includes notebooks, desktops and displays