logo
Plus   Neg
Share
Email

Acer Q3 Profit, Revenue Rise Sequentially

Acer Inc. (ACID.L) Thursday said its net income of NT$191 million or $5.76 million and earnings per share of NT$0.06 grew over the previous quarter.

Consolidated revenues increased 11.7 percent from the previous quarter to NT$67.24 billion or $2.03 billion.

Acer's gross margin fell 2.4 percent quarter-over-quarter to 8.1 percent due to promotional activities carried out to face strong competition, resulting in an operating loss of NT$704 million or $21.26 million.

Acer said it would continue to optimize operations to enhance efficiency, and to formulate effective product mix strategies for local markets and seasonal marketing promotions to boost product sales.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT