Preview - Please log in to view full article.

Article Date: May 2024
Word Count: 171

Giant Group’s Sales Drop 20%


The world’s largest bike maker reported Q1 net income of TWD 519.7 million ($16.7 mm), down 38% from TWD 835.8 million, on 20% lower revenue of TWD 16,063.2 million ($514.8 mm) against TWD 20,119.3 million. Gross margin narrowed by 170 basis points to 20.1%. Total operating expenses deleveraged 330 b.p. on the lower top line, including a 1% increase in selling expenses and 14% higher administrative expenses. The impact from impairments was halved from a year ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.