Taiwan's Acer reports Q4 net loss following write-down

Mar 20, 2013

Taiwan's leading personal computer maker Acer has announced a larger than expected fourth-quarter net loss after a write-down of the value of its brands, including Gateway and Packard Bell.

The company, in a statement seen Wednesday, reported a net loss of Tw$3.37 billion (US$115.5 million) for October-December compared to a profit of Tw$75 million in the same period a year earlier.

The poor fourth-quarter figure meant Acer reported a full-year net loss despite remaining profitable for the first three quarters of 2012.

The full-year net loss was Tw$2.91 billion compared to a loss of Tw$6.6 billion in 2011.

The company said it would have made a profit of Tw$586 million last year without the write-down.

, which has been struggling to branch into the sector, was forced to cut hundreds of jobs in 2011 after suffering heavy losses due to weakening demand in Europe and the United States.

Explore further: Hackerspaces used to turn ideas turn into reality

add to favorites email to friend print save as pdf

Related Stories

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.

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 Hon Hai 2Q profit down 23%

Aug 31, 2011

Taiwan tech giant Hon Hai Precision, the world's biggest contract electronics maker, said Wednesday net profit fell 23 percent in the three months to June mainly due to a tax on retained earnings.

Taiwan Semiconductor profits up nearly 25%

Jan 27, 2011

Taiwan Semiconductor Manufacturing Co, the world's leading contract microchip maker, said Thursday its profits in the three months to December rose nearly 25 percent on the back of strong demand.

Taiwan's HTC expects 30 percent sales plunge in 1Q

Feb 06, 2012

Taiwan's leading smartphone maker HTC forecast Monday that its revenue in the three months to March may plunge 30 percent from a year ago, as competitors Apple and Samsung take their grip on the market.

Recommended for you

Hackerspaces used to turn ideas turn into reality

13 hours ago

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

China Telecom profit rises as mobile data grows

14 hours ago

China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.

User comments : 0