Fri, Aug 01, 2008 - Page 11 News List

Acer announces 2Q profit almost double that of last year

By Elizabeth Tchii  /  STAFF REPORTER, WITH BLOOMBERG

Acer Inc (宏碁), the world’s third-largest personal computer vendor, yesterday posted a profit of NT$2.92 billion (US$95 million) in the second quarter, up 47.6 percent from a year earlier.

The quarterly profit represents earnings per share of NT$1.17, up from NT$0.76 a year earlier, the Taipei-based company said in a statement.

Second quarter consolidated revenue reached NT$124.81 billion, up 34 percent year-on-year, while operating income was NT$2.71 billion, climbing 38.3 percent from a year ago, the statement said.

The computer maker, which owns Gateway Inc and Europe’s Packard-Bell BV, has extended market share gains in Asia, Europe, the Middle East and Africa.

Acer projects laptop shipments will climb 41 percent this year to help sustain growth.

The firm boosted shipments in Europe, the Middle East and Africa by 63 percent in the second quarter, raising its market share to 15.7 percent from 12 percent a year earlier, researcher IDC says, leaving only Hewlett-Packard Co ahead of it in that market.

In Asia, Acer increased shipments by 43 percent, extending its share to 7.2 percent from 5.7 percent a year earlier, it said.

Acer yesterday also compiled first half numbers for this year. Profit for the first half was NT$5.88 billion, with earnings per share of NT$2.42. The two figures were lower than for the same time last year, NT$7.65 billion and NT$3.23 respectively, the company said.

Consolidated revenue was NT$252.19 billion, up 31 percent year-on-year, while operating income was NT$5.45 billion, it said.

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