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Acer Successfully Stabilizes Operations in 2014
Published: Mar 25,2015TAIPEI, Taiwan - Acer Inc. announces the financial results for fiscal 2014 and the fourth quarter ended December 31, 2014. 2014 consolidated revenues of US$10.39 billion, down 8.5% year-on-year (YoY); gross profits of US$912.48 million, up 28.3% YoY with 8.8% margin; operating income of US$85.37 million with 0.8% margin; profits after tax of US$56.46 million.
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The results show that Acer has stayed profitable throughout the entire year with increasing profits each consecutive quarter and has steadily turned its operations around.
Following Taiwan government regulations, Acer’s board of directors proposed to reserve funds to offset deficits and, hence, not to distribute dividends for fiscal year 2014.
Acer will hold its shareholders’ meeting on June 23 in Taipei.
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