Acer achieved a surplus in PAT despite the decline in consolidated revenue by 11.4% on-quarter and by 16.6% on-year.

The operating income increased on-quarter after three consecutive quarters of losses, and increased by almost NT$100M (US$3.3M) owing to the effective control of inventory and costs, stabilizing gross profit, and other factors.

Acer said that the first quarter profit was mainly due to the appropriate able to control inventory and costs, the gross profit margin also began to climb.

In addition, Acer’s Board approved the cancellation of 55.6 million treasury stocks (or 1.96% of current total outstanding shares), resulting in a new equity capital of NT$27.8B (US$910.9M) and net book value per share of NT$21.2.