Acer Inc cons revenue NT$252.17B (US$8.14B) – up 31% YoY

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Acer Inc cons revenue NT$252.17B (US$8.14B) – up 31% YoY

This article was posted on Aug 31, 2008 and is filed under Press Releases

Acer Inc. announces the financial results for the first half (1H) of 2008. Consolidated revenue was NT$252.17B (US$8.14B), growing by 31% year-on-year (YOY). Operating income reached NT$5.45B (US$175.85M) after expensing the employee bonus and the board of directors’ remuneration, or would be 66% YOY growth prior to expensing. Acer’s profit after tax (PAT) was NT$5.89B (US$189.98M) and earnings per share (EPS) was NT$2.42. The 1H 2007 PAT was NT$7.65B (US$246.79M) and EPS was NT$3.23.

For Q2 2008 results, Acer’s consolidated revenue was NT$124.79B (US$4.03B), representing 33% YOY growth. Operating income was NT$2.71B (US$87.47M) after expensing the employee bonus and the board of directors’ remuneration, or would be 65% YOY growth prior to expensing. The PAT was NT$2.93B (US$94.70M) and EPS was NT$1.17. The Q2 2007 PAT was NT$1.98B (US$64.01M) and EPS was NT$0.76.

Notes:

l Exchange rate – US$1: NT$30.9815

l The 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 those companies to avoid double-counting.

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