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Acer swings back to profit in 2014

Acer swings back to profit in 2014

Taipei, March 25 (CNA) Taiwanese computer maker Acer Inc. (??) posted a slim profit for 2014, ending three consecutive annual losses on an improved margin and cost cuts, the company said Wednesday. Acer reported 2014 consolidated revenues of NT$329.68 billion (US$10.39 billion), down 8.5 percent year-on-year, but the company's gross profit grew 28.3 percent year-on-year to NT$28.94 billion. Net income was NT$1.79 billion and earnings per share (EPS) was NT$0.66, Acer said in a statement following a board of directors meeting that day to approve the financial results. In the fourth quarter of last year, Acer's gross profit expanded by more than six times from the same period of 2013 to NT$7.36 billion, on consolidated revenue of NT$85.94 billion, with net income of NT$654 million and EPS of NT$0.24. "The results show that Acer has stayed profitable throughout the entire year, with increasing profits each consecutive quarter, and has steadily turned its operations around," the New Taipei-based PC maker said in the statement. Acer shares fell 1.84 percent to NT$21.3 Wednesday in Taipei trade. (By Jeffrey Wu)


Updated : 2021-09-27 20:13 GMT+08:00