TAIPEI, Taiwan (BRAIN) — Taiwan’s three publicly traded bike manufacturers had wildly varying August results, according to Operating Revenue Reports filed with the Taipei stock exchange on Thursday.
Giant Group’s operating revenue was up 3.2% in August, to NT$5.2 billion ($165 million) its fourth consecutive month of growth. However, dismal first quarter results means that year-to-date the company is down 6.1% in operating revenue.
Merida industry’s revenues in August were NT$1.9 billion, down 20.7% from the same month last year. Year-to-date through August Merida’s revenues are down 14.2%
Ideal Bike’s August sales were up 90.6% over the same month last year, to NT$145 million. Year-to-date Ideal is nearly flat, down 0.76%.
Component maker Sun Race-Sturmey Archer had sales of NT$42 million in August, down 29.4% from last August. Year-to-date the company is down 19.9%.
