While there were increases in the bank interest income and revaluation gain from investment properties, the increment in non-operating incomes
was offset by the reduced tax refund received from the PRC operation and valuation loss in financial assets.
Acer reported net profit of Tw$515 million ($17.2 million) in the three months to March, up 55.6 percent year-on-year due to a number of non-operating incomes
including foreign exchange and stock disposal gains.
With about 70% of its shares held by Hon Hai Precision presently, FIH has seen contract orders for handsets persistently decrease in recent years, thus suffering operating losses to undermine the shareholder's non-operating incomes
as a result.
The company attributed the lackluster single-quarter performance partly to a low season for the industry, and partly to shrinking non-operating incomes
. Additionally, market inertia caused by plunging international oil prices was also among reasons behind the company's business downturns.
Fortunately, mainly buoyed by non-operating incomes
, Foxconn Technology raked in NT$2.537 billion, or NT$2.16 per share, in net profits for the quarter, up 11.36% from a quarter earlier.
The net profits also included the company's non-operating incomes
of NT$155 million mainly generated from its stock disposal.
Improving from a net operating loss of about NT$80 million a year earlier, the company raked in NT$5.681 billion in combined revenue for the first quarter, up 34% year-on-year, and scored operating incomes of NT$165 million and non-operating incomes
of NT$369 million, with net profits of NT$416 million.
Fortunately, Acer also announced non-operating incomes
of NT$1.46 billion by disposing of its stakes in Wistron in the form of issuing global depository receipts (GDRs).
For example, the firm scored operating incomes of NT$255 million (US$7.69 million) and non-operating incomes
of NT$510 million (US$15.93 million), and tallied up a record high of NT$537 million (US$16.78 million) in net profits for the fourth quarter of 2009.