Acer reports solid 2024 earnings, sets dividend

Published 13/03/2025, 11:12
Acer reports solid 2024 earnings, sets dividend

TAIPEI - Acer (TW:2353) Incorporated has disclosed its consolidated financial results for the year 2024, revealing substantial earnings and proposing a dividend distribution to its shareholders. The information, based on a press release statement, indicates the company’s board approved these results and the dividend proposal on Thursday.

The technology firm reported an operating revenue of NT$264.68 billion for the year ended December 31, 2024, with a gross profit of NT$28 billion. Net operating income stood at NT$4.88 billion, while profit before tax reached NT$8.97 billion. The net profit attributable to owners of the parent company was NT$5.54 billion, resulting in basic earnings of NT$1.84 per share.

In light of these results, Acer’s board proposed a cash dividend of NT$1.7 per share, totaling NT$5.18 billion, to be distributed to shareholders. The ex-dividend trading date is set for June 19, 2025, with the record date on June 26, 2025, and the payment date for the cash dividend scheduled for July 24, 2025.

Additionally, the board has approved the convening of the 2025 General Shareholders’ Meeting on May 29, 2025, at the Aspire Resort in Taoyuan City. The meeting will address several reports, including the 2024 Business Report, Audit Committee Report, and the proposed cash dividend distribution. The shareholders will also consider proposals to amend the company’s Articles of Incorporation and Procedures for Acquiring or Disposing of Assets.

In a related development, Acer’s board has also decided to waive subscription rights to 1.5 million shares in the cash capital increase of its subsidiary, Altos Computing Inc., to facilitate its listing on the Taiwan Stock Exchange or Taipei Exchange. This move allows Acer’s shareholders to participate directly in the subscription, with eligibility based on their shareholdings as of the book closure date for Acer’s dividend distribution, June 21, 2025.

The company’s shareholders will have from July 15, 2025, to August 15, 2025, to engage in the payment process for Altos Computing’s capital increase, with detailed instructions to be provided separately after the registration for the capital increase is complete.

Acer’s announcement demonstrates its financial health and commitment to shareholder returns, as well as its strategic approach to corporate governance and subsidiary management.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.