Acer sees Q4 profits up, but loss in FY2011
PC vendors says Q4 results indicate turnaround in fortunes
Acer has announced its Q4 and full year preliminary financial results, showing a turnaround from loss to profit in the fourth quarter, but a poor year overall.
The PC vendor posted consolidated revenue for Q4 2011 of NT$127.7bn ($4.2bn), up 8.3% quarter-on-quarter, with operating income of NT$0.1bn ($2.4m) and profit after tax of NT$0.1bn ($2.5m).
For the financial year overall, Acer saw a drop in revenue of 24.4% year on year, to NT$475.5bn ($15.7bn), recording an annual operating loss of NT$6.4bn ($212m). The company attributed the loss to a write-off in the EMEA region in Q2, due to an overstocking problem.
A statement from the company said that the Q4 results indicated that the "current financial and business operation is becoming more healthy and stable".