Acer has reported a robust first quarter for 2024, with consolidated revenues reaching NT$58.832 billion, marking a 12.2% year-over-year increase. The technology firm also saw a significant rise in gross profits, up 15.5% annually to NT$6.196 billion, and a gross profit margin of 10.5%. Impressively, operating net profits surged by 227.4% to NT$781 million, with an operating net profit margin of 1.3%. After-tax net profits climbed to NT$1.202 billion, a 133.4% increase from the previous year, with earnings per share rising to NT$0.4 from NT$0.17.
In a strategic shift, Acer’s non-computer and monitor businesses now represent 29.4% of total revenue, contributing over half (57.6%) of the operating net profit. On the investment front, Acer’s board has endorsed investments in Zhaoji Management Consulting and its subsidiary, Acer Cross Century Investment Co., Ltd., marking Acer’s entry into the real estate management industry. Zhaoji Management, a leader in property management in Taiwan, manages over 20,000 properties, including a significant portfolio of social housing.
Additionally, Acer plans to maintain its investment in Weijing Technology by allocating up to US$5 million through Acer Cross-Century Investment for business expansion, purchasing shares at SGD 0.25 each. This diversification strategy not only broadens Acer’s revenue streams but also enhances its resilience against the cyclical nature of the tech industry.
