Taiwan's Acer swings to profits in fourth quarter

Feb 16, 2012

Taiwan's leading personal computer maker Acer said Thursday it swung back into the black in the three months to December after suffering losses in the previous two consecutive quarters.

Acer said preliminary financial figures showed a of $2.5 million in the period from October to December.

But for the full year 2011, Acer suffered heavy losses of $219 million, compared to profits of $499 million in the previous year.

"After the operational and strategic adjustments from the second quarter of 2011, Acer's current financial and business operation is becoming more healthy and stable," a company statement said.

The company, which has been struggling to branch into the sector, cut several hundred jobs in Europe last year to reduce operating expenses.

Acer recorded losses of $226 million and $36 million respectively in the second and third quarters of 2011, following a profit of $42 million in the first quarter.

It has cited weakness in Europe and the United States, as well as the slowing , for the previous quarterly losses.

Explore further: Google's corporate products division changes name

add to favorites email to friend print save as pdf

Related Stories

Taiwan's Acer sues ex-CEO over Lenovo job

Feb 08, 2012

Taiwan's leading personal computer maker Acer said Wednesday it has filed a lawsuit against former chief executive Gianfranco Lanci after he joined Chinese rival Lenovo.

Taiwan's Acer swings to loss in second quarter

Aug 24, 2011

Taiwan's leading computer vendor Acer Inc said Wednesday it suffered a loss of Tw$6.8 billion ($236 million) in the three months to June, swinging from a profit of $41.53 million in the previous quarter.

Taiwan's Acer to cut 300 Europe jobs after losses

Jun 15, 2011

Taiwan's leading personal computer maker Acer said Wednesday that it plans to cut 300 jobs from its units in Europe following massive losses amid a slow economic recovery in the region.

Taiwan's Acer to invest $4 mn in China R&D centre

Jul 19, 2011

Taiwan's leading personal computer maker Acer said Tuesday it will spend $4 million to set up a global R&D centre in western China to boost its production of smartphones and tablet computers.

Taiwan Acer's 2009 profit down 3.54 percent

Feb 10, 2010

Taiwan's Acer Inc, the world's second biggest computer vendor by revenues, said Wednesday that its profit for 2009 edged down just 3.54 percent from a year ago despite the global economic meltdown.

Recommended for you

Netflix unveils new way to share recommendations

10 hours ago

Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don't want to share their viewing habits with large ...

Job listing service ZipRecruiter raises $63 million

Sep 01, 2014

ZipRecruiter, a California start-up that tries to simplify tasks for recruiters, has raised $63 million in initial venture capital funding as the 4-year-old service races to keep up with growing demand.

User comments : 0