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Acer Reports 2017 Consolidated Revenues of NT$237.28 Billion, Up 2% YoY
Published: Mar 21,2018TAIPEI, Taiwan - Acer announced today the financial results for fiscal 2017 and the fourth quarter ended December 31, 2017, following approval by its Board of Directors.
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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 years; and operating income of NT$3.67 billion, triple that of a year earlier and the highest in 7 years, with 1.5% margin. Net income 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.
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