The world’s largest bike maker’s profits more than tripled to TWD 634.8 million ($20.1 mm) from TWD 189.9 million in the second quarter, as revenues increased by 6% to TWD 16,664.7 million ($527.5 mm) from TWD 15,754.3 million. The improved profitability was powered by 380 basis points of additional gross margin, which hit 24.2% in the period. New product launches and a broadly recovering bike marketplace supported the growth, while strong sales of Giant’s own brand bikes helped expand profitability. Lower volumes ... Log in to view full article.