Acer Inc. 1H 2008 preliminary financial results

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Press release

Consolidated revenue NT$252.19B (US$8.14B), up 31% YOY; operating income NT$5.45B (US$175.94M), PAT NT$5.88B (US$189.66M), EPS NT$2.42.

TAIPEI, TAIWAN (July 31, 2008) -- Acer Inc. announces the preliminary financial results for the first half (1H) of 2008. Consolidated revenue was NT$252.19B (US$8.14B), growing by 31% year-on-year (YOY). Operating income reached NT$5.45B (US$175.94M) after expensing the employee bonus and the Board of Director's remuneration, or would be 66% growth YOY prior to expensing. Acer's profit after tax (PAT) was NT$5.88B (US$189.66M) and earnings per share (EPS) was NT$2.42. Compared to 1H 2007, the PAT was NT$7.65B (US$246.76M) and EPS was NT$3.23.

For Q2 2008 preliminary results, Acer's consolidated revenue was NT$124.81B (US$4.03B), representing 34% YOY growth. Operating income was NT$2.71B (US$87.57M) after expensing the employee bonus and the Board of Director's remuneration, or would be 65% growth YOY prior to expensing. PAT was NT$2.92B (US$94.38M) and EPS was NT$1.17. Compared to Q2 2007, the PAT was NT$1.98B (US$64.01M) and EPS was NT$0.76.