TAIPEI: Taiwan’s Acer, the world’s No. 4 PC vendor, returned to the black in the first quarter, reporting a better-than-expected net profit of T$515 million ($17.44 million).
Thirteen analysts polled by Thomson Reuters I/B/E/S had forecast a median profit of T$195.6 million for the quarter.
The figure also compares with a net loss of T$3.4 billion in the previous quarter, dragged by a T$3.5 billion right-off of trademark rights, and a net profit of T$331 million in the same period a year ago.
Acer attributed the net profit in the quarter to “a number of non-operating incomes, including foreign exchange and stock disposal gains”. The company will hold an investor conference on Wednesday at 0600 GMT.
Source-Times of india
