Acer Inc. Q3 2011 preliminary financial results: operating loss NT$1.3B (US$43M), profit after tax -NT$1.1B (-US$36M), EPS -NT$0.43
Acer Inc. announces the preliminary financial results of Q3 2011. Consolidated revenue was NT$117.3B (US$3.8B), down 30% year-on-year (YOY). Operating loss reached NT$1.3B (US$43M), profit after tax (PAT) was -NT$1.1B (-US$36M), and earnings per share (EPS) was -NT$0.43.
For the first three quarters, Q1~Q3 2011, consolidated revenue was NT$347.2B (US$11.4B), down 28% YOY. Operating loss reached NT$6.5B (US$212M), PAT was -NT$6.7B (-US$220M) and EPS was -NT$2.55.
Acer’s Q3 consolidated revenue grew from Q2 with channel inventories significantly reduced to a reasonable level.
Comparing two quarters’ operating losses on the same bases, by deducting the one-time sales allowance and senior executive severance fees that took place in Q2, the margin of Q3 operating loss has improved from Q2.
The exchange rate was US$1: NT$30.506.
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.