Acer Incorporated announced preliminary consolidated earnings results for the fourth quarter and full year of 2013. For the quarter, the company reported revenues of TWD 86.7 billion (USD 2.89 billion) declining by 5.9% quarter-on-quarter, operating loss of TWD 8.22 billion, after-tax loss of TWD 7.63 billion and loss per share of TWD 2.8. As of the end of fourth quarter of 2013, the company's equity per share is estimated at TWD 20.6. Part of the fourth quarter net loss was due to a write-off of TWD 1.3 billion related to raw materials inventory and other costs

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.