The Taiwanese bike maker reported a loss of TWD 51.2 million ($1.7 mm) against a profit of TWD 124.5 million in the second quarter, as revenues tumbled 21% to TWD 1,020.5 million ($33.1 mm) from TWD 1,297.8 million, impacted by the same market effects that hit Giant and Merida. Gross margin contracted 880 basis points to just 7.9%, while SG&A ballooned 73%, largely due to a TWD 94.3 million accrual ... Log in to view full article.