Bike Maker Merida's Revenue Drops Double Digits
Merida Industry’s net income attributable to shareholders declined by 30% in the second quarter to TWD 671.8 million ($21.8 mm) from TWD 952.9 million, on 15% lower revenues of TWD 7,459.4 million ($242.2 mm) down from TWD 8,808.5 million. The second largest Taiwanese bike maker, behind Giant Group, is clearly dealing with the same issues that are affecting the industry globally, with demand pressured by retailers and warehouses full ... Log in to view full article.
