Net loss attributable to shareholders at the Taiwanese bicycle maker was TWD 38.8 million ($1.3 mm) from last year’s profit of TWD 94,534 million, on 2% lower revenues of TWD 1,110.6 million ($36.1 mm) against TWD 1,131.2 million. Like its competitors, Ideal is not immune to the current overstock and cash flow challenges that’s facing the bicycling industry, and the bottom line includes TWD 61.3 million in expected credit impairment losses. Gross margin contracted ... Log in to view full article.