Acer Reports FY2020 Financial Results: Net Income NT$6.03 Billion, EPS NT$2.01
Acer’s Board approves NT$1.5 in cash dividend per share
TAIPEI, TAIWAN (March 17, 2021) Acer Inc. (TWSE: 2353) announced the financial results for the fourth quarter of 2020 and fiscal 2020 ended December 31. For the fourth quarter, Acer reported consolidated revenues of NT$82.62 billion; gross profits of NT$9.63 billion with 11.7% margin; operating income of NT$3.88 billion, with 4.7% margin to set a historical high; net income[i] of NT$1.99 billion, and earnings per share (EPS) of NT$0.67.
For the full year of 2020, Acer reported consolidated revenues of NT$277.11 billion, gross profits of NT$30.12 billion with 10.9% margin, operating income of NT$8.94 billion with 190.3% in YoY growth, net income of NT$6.03 billion with 3.2% margin, and EPS of NT$2.01.
Acer’s Board of Directors also approved a cash dividend of NT$1.5 per share, up 93.1% YoY, based on ex-dividend record date of July 6 for distribution on August 5.
Acer’s strategy to build multiple business engines continued to make progress. Weblink International and Acer e-Enabling Business plan to be listed on the Taiwan Stock Exchange and the Taipei Exchange respectively in 2021. The annual shareholders’ meeting will be held on June 11, 2021 at Aspire Park in Taoyuan.
[1] Net income is reported as profit-after-tax in Acer’s financial statements
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