Taiwan’s Acer Reports 2020 Net Income Of NT$ 6.03 Billion

Acer’s Board approves NT$1.5 in cash dividend per share

TAIPEI, March 17, 2021 /PRNewswire/ — Acer Inc. (TWSE: 2353) has announced the financial results for the fourth quarter of 2020 and fiscal 2020 ended December 31.

For the fourth quarter, Acer reported consolidated revenues of NT$82.62 billion; gross profits of NT$9.63 billion with 11.7% margin; operating income of NT$3.88 billion, with 4.7% margin to set a historical high; net income of NT$1.99 billion, and earnings per share (EPS) of NT$0.67.

For the full year of 2020, Acer reported consolidated revenues of NT$277.11 billion, gross profits of NT$30.12 billion with 10.9% margin, operating income of NT$8.94 billion with 190.3% in YoY growth, net income of NT$6.03 billion with 3.2% margin, and EPS of NT$2.01.

Acer’s Board of Directors thereafter approved a cash dividend of NT$1.5 per share, up 93.1% Year on Year (YoY), based on ex-dividend record date of July 6 for distribution on August 5.

Acer’s strategy to build multiple business engines continued to make progress. Weblink International and Acer e-Enabling Business plan to be listed on the Taiwan Stock Exchange and the Taipei Exchange respectively in 2021.

The annual shareholders’ meeting will be held on June 11, 2021 at Aspire Park in Taoyuan.