- Consolidated revenues of NT$237.28 billion, up 2% YoY
- Operating income of NT$3.67 billion, triple that of previous year
- Gross profit margin of 10.7%, highest in 14 years
- Board approves the distribution of NT$0.7 per share to shareholders from capital surplus
TAIPEI, Taiwan, March 21, 2018 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today the financial results for fiscal 2017 and the fourth quarter ended December 31, 2017, following approval by its Board of Directors. The results demonstrate the Company's steady drive to optimize existing operations while also investing for the future in PCs and other new businesses.
Acer reported for the full year of 2017 consolidated revenues of NT$237.28 billion, up 2% year-on-year (YoY); gross profits of NT$25.36 billion with the highest margin of 10.7% in 14 years1; and operating income of NT$3.67 billion, triple that of a year earlier and the highest in 7 years2, with 1.5% margin. Net income3 reached NT$2.82 billion, and earnings per share (EPS) were NT$0.93.
For the fourth quarter of 2017, Acer reported consolidated revenues of NT$67.04 billion, up 8.7% YoY; gross profits of NT$7.15 billion with 10.7% margin; operating income of NT$1.29 billion, with 1.9% margin which also marks the highest in 7 years; net income of NT$1.06 billion; and EPS of NT$0.35.
Demonstrating Acer's commitment to optimizing its product-mix strategy for different market segments and exploring new fields, in 2017 it registered 380 technology patents, ranking among the top 5 companies in Taiwan in terms of new patents.
To maintain a consistent cash distribution policy to shareholders, the Board approved the distribution of NT$0.7 cash per share from its capital surplus. Acer will hold its annual general meeting on June 15, 2018 in Taipei.
1 Highest gross margin in 14 years from 2004; Acer's gross margin accounts for the R.O.C. GAAP accounting method prior to 2013
Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.
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SOURCE Acer Incorporated