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Acer Q1 consolidated revenues $1.74 billion

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Staff writer | Monday May 16, 2016 2:24AM ET
Acer
Acer   $28 million loss in foreign exchange

Acer posted the financial results for Q1 2016 with consolidated revenues of NT$56.32 billion ($1.74 billion).


Operating income was NT$866 million ($ 26.84 million), and net income (or profits after tax) NT$46 million ($1.43 million) ared reflecting around NT$900 million ($28 million) loss in foreign exchange, and earnings per share (EPS) of NT$0.02.

Acer reports gross profits of NT$6.67 billion ($206.65 million) with 11.8% margin, and operating income of NT$866 million ($26.84 million), up by NT$562 million ($17.42 million) YOY, despite the decline in consolidated revenues.

The results reflect Acer’s effective product mix strategy according to regional market needs and inventory management.

 

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