Giant Bicycle parent Giant Group’s profits attributable to shareholders slipped 54% in the first quarter to TWD 835.8 million ($27.2 mm) from TWD 1,822.4 million on 10% lower revenues of TWD 20,119.3 million ($654.1 mm) down from TWD 22,260.3 million. High inventories of entry-level and mid-range products in North America and Europe sent sales in the regions down double-digits and high-single digits, respectively, with demand in Europe also impacted by cold spring weather. China was a bright spot, however, growing over 50% now that Zero Covid has been lifted and consumer ... Log in to view full article.