Acer announces 2011 preliminary financial results - Q411 result above breakeven

 

Mobilk - Acer Inc. announces the 2011 preliminary financial results, with the operating income of NT$0.1B (US$2.4M) in Q4, representing a turnaround from operating loss to profit in the last quarter.

According to Acer’s preliminary financial figures, the consolidated revenue for Q4 2011 was NT$127.7B (US$4.2B), up 8.3% quarter-on-quarter (QOQ), operating income was NT$0.1B (US$2.4M), profit after tax (PAT) was NT$0.1B (US$2.5M) and earnings per share (EPS) was NT$0.03. These numbers represent a turnaround to profit for Acer after back-to-back losses in Q2 and Q3 2011.

In 2011, Acer’s preliminary consolidated revenue was NT$475.5B (US$15.7B), declining 24.4% YOY. Mainly due to the one-time write-off in EMEA in Q2, Acer’s annual operating loss reached NT$6.4B (US$212M), PAT was -NT$6.6B (-US$219M), and EPS was -NT$2.52.

During Q4 2011, Acer’s consolidated revenue declined 14.4% and operating income decreased 98.4%, in comparison to the same period of 2010.

After the operational and strategic adjustments from Q2 2011, Acer’s current financial and business operation is becoming more healthy and stable.

Acer Inc. 2011 financial results:

	2011	2010	Q4 2011	Q4 2010
Consol. revenue	NT$475.5B US$15.7B	NT$629.1B US$ 20.8B	NT$127.7B US$4.2B	NT$149.1B US$4.9B
Operating income	NT$(6.4)B US$(212)M	NT$18.2B US$ 601M	NT$0.1B US$2.4M	NT$4.4B US$145M
PAT	NT$(6.6)B US$(219)M	NT$15.1B US$ 499M	NT$0.1B US$2.5M	NT$3.9B US$129M
EPS	NT$-2.52	NT$5.71	NT$0.03	NT$1.47

Notes:

oThe exchange rate was US$1: NT$30.29 .

oAcer Inc. 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 these companies to avoid double-counting.