Acer's operating income NT$2.74B (US$86.84M)

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Acer reports the Q1 2008 consolidated financial results with operating income of NT$2.74B (US$86.84M), profit after tax (PAT) of NT$2.95B (US$93.63M), and earning per share (EPS) of NT$1.25. Shareholders shall receive a dividend of NT$3.75 per share, comprising NT$3.6 in cash and NT$0.15 in stock. The operating income was NT$2.74B (US$85.64M) -  or NT$3.25B (US$103.08M) before expensing the employee bonus and the Board of Director's remuneration. Acer's Board of Directors approved the results today.

 

Consolidated results of Q1 2008 and Q1 2007 compared:

·             Revenue was NT$127.38B (US$4.04B), up 28% from NT$99.51B (US$3.16B)

·             Operating income was NT$2.74B (US$85.64M) - or NT$3.25B (US$103.08M) before expensing the employee bonus and the Board of Director's remuneration - compared with NT$1.95B (US$61.75M).

·             PAT was NT$2.95B (US$93.63M), compared to NT$5.66B (US$179.61M) which included significant stock disposal income.

·             EPS was NT$1.25, up from NT$2.4.

 

The 2007 dividend shall comprise of NT$3.6 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 2007 was NT$5.48.

 

According to the first quarter preliminary data from Gartner Dataquest, Acer was the No. 3 Total PC vendor with 9.5% of market share. Acer was also the fastest growing Total PC vendor among the top five, with 25.2% year-on-year growth.

 

Note: The exchange rate was US$1: NT$31.5298.

 

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