Acer Inc. announces the preliminary financial results for the first half (1H) of 2008. Consolidated revenue was NT$252.19B (US$8.14B), growing by 31% year-on-year (YOY). Operating income reached NT$5.45B (US$175.94M) after expensing the employee bonus and the Board of Director's remuneration, or would be 66% growth YOY prior to expensing. Acer's profit after tax (PAT) was NT$5.88B (US$189.66M) and earnings per share (EPS) was NT$2.42. Compared to 1H 2007, the PAT was NT$7.65B (US$246.76M) and EPS was NT$3.23.
For Q2 2008 preliminary results, Acer's consolidated revenue was NT$124.81B (US$4.03B), representing 34% YOY growth. Operating income was NT$2.71B (US$87.57M) after expensing the employee bonus and the Board of Director's remuneration, or would be 65% growth YOY prior to expensing. PAT was NT$2.92B (US$94.38M) and EPS was NT$1.17. Compared to Q2 2007, the PAT was NT$1.98B (US$64.01M) and EPS was NT$0.76.
Acer Inc. 1H & Q2 2008 financial results:
1H 2008 1H 2007 Growth Q2 2008 Q2 2007 Growth
Consol. revenue NT$252.19B
US$8.14B NT$193.03B
US$6.23B 30.6% NT$124.81B
US$4.03B NT$93.52B
US$3.02B 33.5%
Operating income NT$5.45B
US$175.94M NT$3.91B
US$126.17M 39.5% NT$2.71B
US$87.57M NT$1.96B
US$63.30M 38.3%
PAT NT$5.88B
US$189.66M NT$7.65B
US$246.76M -23.1% NT$2.92B
US$94.38M NT$1.98B
US$64.01M 47.5%
Note: The exchange rate was US$1: NT$30.9815.
Notes:
l Acer Inc. consolidated revenue includes revenues from other companies in which Acer Inc. has 50% or more ownership, and already deducts any revenues between Acer Inc. and these companies to avoid double-counting.
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About Acer
Since its founding in 1976, Acer has constantly pursued the goal of breaking the barriers between people and technology. Focused on marketing its brand-name IT products around the globe, Acer ranks as the world's No. 3 vendor for total PCs and No. 2 for notebooks, with the fastest growth among the top-five players. A profitable and sustainable Channel Business Model is instrumental to Acer’s continued growth, while the successful mergers of Gateway and Packard Bell complete the company’s global footprint by strengthening its presence in the U.S., and enhancing its strong position in Europe. Acer Inc. employs 5,000 people worldwide. 2007 revenues reached US$14.07 billion. See www.acer.com for more information.
© 2008 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners.
