Giant 2016 Net Slides on Lower Sales
Giant Manufacturing, the Taiwanese bike maker, saw net income decline 20% to NT$3.07 billion ($97.8 million) on revenues that were 6% lower at NT$53.09 billion ($1,690.8 million) on the downturn in the Chinese domestic market. U.S. sales slipped slightly in a very competitive market with high inventories leading to price promotions, ... Log in to view full article.
