Acer Inc. (TWSE: 2353) announced today the financial results for Q1 2017 with consolidated revenues of NT$56.05 billion (US$1.85 billion); operating income of NT$456 million (US$15.02 million) with 0.8% margin and NT$323 million (US$10.62 million) gain quarter-on-quarter; net income (or profits after tax) of NT$63 million (US$2.07 million); and earnings per share (EPS) of NT$0.02. The company also reported a non-operating loss that includes NT$522 million (US$17.19 million) loss due to foreign exchange fluctuation.
Acer achieved gross profits of NT$5.43 billion (US$178.82 million) with 9.7% margin, while consolidated revenues for this quarter differed by only 0.5% year-over-year re-affirming Acer’s solid operations and its effective product mix strategy optimized for different market segment needs. Operating income of NT$456 million (US$15.02 million) also reflected the company’s effective marketing activities and operating expense control.
Acer will hold its annual shareholders’ meeting on June 21 in Taipei.
Note: The spot rate used was: US$1: NT$30.336.