After-tax profit and revenue both decreased during the financial year to AU$2 million and AU$286 million respectively.
Acer Australia has reported after-tax profit of AU$2 million, down from AU$2.7 million a year prior, for the financial year ending 31 December 2019.
Acer Australia’s revenue was also down 7% year-on-year from AU$307 million to AU$286 million for the full year.
This was partly due to a small decline in sales of goods from AU$278 million last year to AU$256 million for this financial year, as well as a slight increase in costs associated with rendering of services that came to AU$30.4 million, up from AU$29.8 million in FY18.
Earnings before interest, tax, depreciation, and amortisation (EBDITA) came in at AU$2.88 million, a slight drop from AU$3.9 million reported during the last financial year.
Income tax paid was AU$952,000, versus the AU$1.27 million paid last year.
Acer Australia highlighted that during the financial year, business activities were mainly associated with the distribution of computer hardware and the provision of related services.
The company’s controlled entity, Highpoint Australia, however, did not trade during the financial year, the company said.
