Acer posts small profit as Q1 sales fall 16.6%

Thursday 8 May 2014 | 11:59 CET | News
Acer reported first-quarter revenue down 16.6 percent from a year earlier to TWD 76.72 billion (USD 2.51 billion). The company posted an operating profit of TWD 127million and a small net profit of TWD 1 million. Acer noted that operating profit was up compared to the previous quarter, after three consecutive quarters of losses, thanks to the effective control of inventory and costs, stabilizing gross profit and other factors. In addition, Acer's board approved the cancellation of 55.6 million treasury shares, equal to 1.96 percent of outstanding shares. It also nominated six candidates for

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Categories: IT / Mobile & Wireless
Companies: Acer
Countries: World
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