Acer Inc operating income NT$1.95B (US$58.84M)

RELATED NEWS Acer saddles up with Yamaha Factory Racing Team Acer collaborates with ICICI Bank Acer ranks No 1 in Micro-Portable Projectors for Q4, 2006 Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Acer reports the Q1 2007 financial results with operating income of NT$1.95B (US$58.84M), profit after tax (PAT) of NT$5.66B (US$171.14M), and earning per share (EPS) of NT$2.47.

 

Shareholders shall receive a dividend of NT$4 per share, comprising NT$3.85 in cash and NT$0.15 in stock. Acer's Board of Directors approved the results today.

 

Results of Q1 2007 and Q1 2006 compared:

 

   ·  Consolidated revenue was NT$99.51B (US$3.01B), up 19.9% from NT$83B (US$2.51B)

   ·  Operating income was NT$1.95B (US$58.84M), up 1.1% from NT$1.93B    (US$58.18M)

   ·  PAT was NT$5.66B (US$171.14M), up from NT$4.02B (US$121.52M)

   ·  EPS was NT$2.47, up from NT$1.82

 

 

The 2007 dividend shall comprise of NT$3.85 in cash and NT$0.15 in stock, as Acer continues to exercise its cash-intensive dividend policy to avoid inflation of the paid-in capital. The EPS for full year 2006 was NT$4.45.

 

Acer's worldwide PC unit shipment entered the top three ranking for the first quarter of this year, according to preliminary data by Gartner Dataquest. With 46.1% year-on-year growth, Acer was the fastest growing brand among the top five PC players.

 

Note: The exchange rate was US$1: NT$ 33.089.

 

Sourced From: 20 : 20 Media Pvt Ltd