Daily Management Review

Acer's profit in 2017 reaches seven-year high


04/09/2018


Acer presented the results of the 2017 financial year and the fourth quarter of 2017 approved by the Board of Directors. The data presented is demonstrating the company's desire to optimize existing processes and invest in the future of personal computers and new business directions.



lingolook via flickr
lingolook via flickr
Acer reported a consolidated revenue of 237.28 billion Taiwan dollars for the full 2017, which is 2% higher than last year. Gross profit amounted to 25.36 billion Taiwan dollars with the highest for 14 years margin - 10.7%. Operating profit peaked in the last 7 years, to 3.67 billion Taiwan dollars with a margin of 1.5%, which is three times more than a year earlier. Net profit amounted to 2.82 billion Taiwan dollars, earnings per share - 0.93 Taiwan dollars.

In the fourth quarter of 2017, Acer demonstrated consolidated revenues of $ 67.04 billion in Taiwan dollars, an increase of 8.7% year-on-year. Gross profit reached 7.15 billion Taiwan dollars with a margin of 10.7%. Operating income reached 1.29 billion Taiwan dollars with a margin of 1.9%, the highest over the past 7 years. Net profit for the fourth quarter of 2017 amounted to 1.06 billion Taiwan dollars, earnings per share - 0.35 Taiwan dollars.

In 2017, Acer registered 380 technology patents, ranking among the top five Taiwanese companies with the largest number of new patents. The company demonstrates a commitment to expanding the range of its products in all markets and conquering new segments.

In an effort to ensure a uniform distribution of funds among shareholders, the Board of Directors approved the payment of dividends in the amount of 0.7 Taiwan dollars per share from net profit. Acer will hold an annual general meeting on June 15, 2018 in Taipei.

Acer, founded in 1976, specializes in the provision of IT services and the production of hardware and software. The company is among the six leading world manufacturers of personal computers, and also produces displays, projectors, servers, tablets, smartphones and wearable devices. The firm employs 7 thousand people.

source: bloomberg.com






Science & Technology

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

Baidu comes up with a self-driving bus

Developing countries are stepping up their own space programs

McAfee: Number of cybercrime attacks skyrocketed

RemoveDebris Mission To Clear Debris Of In Orbit Over Earth

British experts: Online gambling is dangerous

Vodafone Chooses ‘Highly Trafficked Urban’ Space As Its 5G Testing Grounds

Space To Become A Travel Destination By 2022

Dream Of Immortality Can Be Realised By 2045

World Politics

World & Politics

Germany asks to return € 4 thousand subsidies for the purchase of Tesla

Was Trump's visit to the UK the last straw?

Prime Minister May Could Alter Brexit Strategies, Said Ress-Mogg

Le Maire: The US refused to release France from anti-Iran sanctions

One Belt, One Road is facing difficulties around the world

Qatar to raise $ 4 billion to buy Eurofighter Typhoon jets

The UK sets to turn all cars zero-emission by 2030

Brexit Minister’s Resignation States May’s Brexit Policies Weakening The Country’s Stance