TAIPEI, Taiwan (BRAIN) — Taiwan's three publicly traded bike factories are reporting their sales were down in September, year-over-year, although Ideal Bike, the smallest of the three, recorded sales closer to flat.
Giant Group’s operating revenue in the month was NT$5.2 billion ($169 million), down 13.45% from the same month last year. Year-to-date through September, Giant’s sales totaled NT$47.96 billion, down 17.86%.
Merida Industries’ operating revenue in the month was NT$2.3 billion, down 11.22% from the same month last year. Year-to-date through September, Merida’s sales totaled NT$21.8 billion, down 8.66%.
Ideal Bike’s operating revenue in the month was NT$143.7 million, down 0.64% from the same month last year. Year-to-date through September, Ideal’s sales totaled NT$1.9 billion, up 0.33%.
Taiwanese component maker Sun Race Sturmey-Archer Inc. reported operating revenue of NT$71.7 million in September, up 16.38% from the same month last year. Year-to-date through September, the company’s sales totaled NT$611.40 million, up 12.41%.
The reports filed with the Taipei stock exchange do not include profitability figures, which are part of the companies’ quarterly Financial Reports usually released in the coming weeks.