Preview - Please log in to view full article.

Article Date: September 2019
Word Count: 262

Giant Manufacturing Sales Gain 5% in H1

Net income surged 60% to NT$1.72 billion ($55.1 mm) in the first half on sales that were 5% higher at NT$30.71 billion ($984.0 million) driven by a 40% increase in sales of electric bikes in Europe. The bottom line comparison benefitted from a one-off income tax expense in the first quarter of 2018, and net income was up 25% on a comparable basis. Giant shipped 290,000 electric bikes in the first half of the year, which accounted for 28% of overall revenue. The U.S. market also improved for Giant, with sales here up 10% as both electric bikes and traditional ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.