After reporting three years of losses, PC vendor, Acer has revealed a profit boost of 0.5 per cent to US$56.46 million for fiscal 2014 and fourth quarter ending December 31.
Gross profits were up 28.3 per cent to US$912.48 million with 8.8 per cent margin; operating income was US$85.37 million with 0.8 per cent margin.
Consolidated revenues were down 8.5 per cent to US$10.39 billion.
Acer stated it has steadily turned its operations around with the results showing that the vendor has stayed profitable throughout the entire year, increasing profits each consecutive quarter.
On a sequential basis, Acer's fourth quarter consolidated revenues were US$2.71 billion, up 0.3 per cent quarter-on-quarter or down 0.8 per cent year-on-year. Gross profits were $US232.09 million, representing growth by more than six fold and 8.6 per cent margin.
Operating income was US$25.67 million with 0.9 per cent margin; net profit US$20.63 million, showing growth of 0.5 per cent.
Following Taiwan government regulations, Acer's board of directors proposed to reserve funds to offset deficits and, hence, not to distribute dividends for fiscal year 2014.