Acer Inc. (TWSE: 2353) announced today the financial results for fiscal 2017 and the fourth quarter ended December 31, 2017, following approval by its Board of Directors. The results demonstrate the Company’s steady drive to optimize existing operations while also investing for the future in PCs and other new businesses.
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 years1; and operating income of NT$3.67 billion, triple that of a year earlier and the highest in 7 years2, with 1.5% margin. Net income3 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.
1Highest gross margin in 14 years from 2004; Acer’s gross margin accounts for the R.O.C. GAAP accounting method prior to 2013 2Highest operating income in 7 years from 2011 3Net income is reported as profit-after-tax in Acer’s financial statements