Acer posts third consecutive loss

By Helen Ku  /  Staff reporter

Fri, Mar 28, 2014 - Page 14

Acer Inc (宏碁), the world’s fourth-largest PC maker, yesterday said it booked the third straight quarter of net losses of NT$7.57 billion (US$252.79 million) last quarter.

Last quarter’s net losses translated into a NT$2.78 net loss per share.

For the whole of last year, net losses totaled NT$20.52 billion, or NT$7.54 per share, the largest in the company’s history.

In 2012, the PC maker reported net losses per share of NT$1.07.

“The results deviate only marginally from the preliminary figures announced on Jan. 17,” Acer said in a statement.

The company was referring to earlier estimates of NT$7.63 billion losses last quarter and NT$20.58 billion in losses for the whole of last year.

The firm’s net losses during the October-to-December period included US$150 million of personnel and business restructuring costs and NT$1.3 billion of raw-material inventory write-offs and other charges.

In addition, the company’s product price reduction also caused its operating losses to widen to NT$11.41 billion last quarter from NT$2.57 billion in the previous quarter.

Meanwhile, Acer yesterday announced that Zhang Yonghong (張永紅), the company’s current executive vice president of Greater China regional operations, will replace Scott Lin (林顯郎) as the president of Acer’s Greater China operations.

Lin is scheduled to depart from Acer on April 30 after his retirement plan was yesterday approved by the company’s board of directors.

He is to serve as a consultant to Acer for one year, the company said.

Towny Huang (黃鐘鋒), a special assistant at Acer’s transformation committee, is to become president of Acer’s Taiwan regional operations, effective May 1, the company said.