Acer Reports Q1 2016 Results: Consolidated Revenues NT$56.32B (US$1.74B), Operating Income NT$866M (US$26.84M), Net Income NT$46M (US$1.43M), Gross Profit Margin 11.8%
Acer’s Board of Directors approved the financial results for Q1 2016 with consolidated revenues of NT$56.32 billion (US$1.74 billion), operating income of NT$866 million (US$ 26.84 million), net income (or profits after tax) of NT$46 million (US$1.43 million) reflecting around NT$900 million (US$28 million) loss in foreign exchange, and earnings per share (EPS) of NT$0.02.
Acer reports gross profits of NT$6.67 billion (US$206.65 million) with 11.8% margin, and operating income of NT$866 million (US$26.84 million), up by NT$562 million (US$17.42 million) YOY, despite the decline in consolidated revenues. The results reflect Acer’s effective product mix strategy according to regional market needs and inventory management.
Acer will hold its shareholders’ meeting on June 24 in Taipei.
Note: The exchange rate was US$1: NT$32.282.