Acer Incorporated Announces Preliminary Consolidated Earnings Results for the Fourth Quarter and Full Year of 2013; Announces Write-Offs for the Fourth Quarter of 2013
For the full year, the company reported revenues of TWD 360.19 billion (USD 12.03 billion) down 16.2% year-on-year, operating loss of TWD 11.37 billion, after-tax loss of TWD 20.58 billion and loss per share of TWD 7.56.
The company announced its board of directors approved to write-off losses of TWD 1.3 billion in raw materials inventory and other costs which will be reported in the fourth quarter of 2013 financial results. This latest write-off will help optimize the company's operational management.