Acer Reports 2015 Full Year Results: Consolidated Revenues NT$263.78B

Acer Reports 2015 Full Year Results: Consolidated Revenues NT$263.78B

Acer Reports 2015 Full Year Results: Consolidated Revenues NT$263.78B

The FINANCIAL -- Acer Inc. announces the financial results for fiscal 2015 and the fourth quarter ended December 31, 2015, following approval by its Board of Directors.

Acer reports 2015 consolidated revenues of NT$263.78 billion (US$7.98 billion), down 20% year-on-year (YoY); gross profits of NT$24.88 billion (US$752.6 million) but with 9.4% margin, up from 8.8% a year earlier; operating income of NT$939 million (US$28.4 million); profits after tax (PAT or net income) of NT$604 million (US$18.3 million); and earnings per share (EPS) of NT$0.2. The Board also approved the distribution of cash to shareholders of NT$0.50 per share from the capital surplus, representing 4% yield according to current stock price, according to Acer.

Acer has maintained its profitability and gross profit margin above 9% in 2015, proving the effectiveness of its product mix strategy for different market segments and the focus on high margin products. Acer also strengthened its position in the LCD monitor market helped by the strong branding of its Predator gaming line.

On a sequential basis, Acer reports fourth quarter consolidated revenues of NT$68.38 billion (US$2.07 billion), up 1.7% quarter-on-quarter (QoQ); gross profits of NT$6.43 billion (US$194.5 million), up 17.6% QoQ with 9.4% margin, also up from 8.6% a year earlier; operating income of NT$449 million (US$13.6 million) with 0.66% margin; PAT of NT$237 million (US$7.2 million), showing growth of 24.2% QoQ; and EPS of NT$0.08.

Acer will hold its shareholders’ meeting on June 24 in Taipei.