Acer Announces FY 2011 Results

Acer Inc. Board of Directors today approved the financial results for year 2011. Acer's consolidated revenues were NT$475.3B (US$15.7B), declining 24% year-on-year (YOY). The operating loss reached NT$6.4B (US$211M), profits-after-tax (PAT) was NT$-6.6B (US$-218M), and earnings-per-share (EPS) was NT$-2.52.

Acer said the loss was mainly due to the one-time write-off of operations loss in EMEA, as well as the compensation for reorganization. After the operational and strategic adjustments, Acer's current corporate constitution, inventory management, and financial structure are becoming more healthy and stable.