Giant Manufacturing Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:48 pm EDT
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Giant Manufacturing Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 22,464.07 million compared to TWD 22,744.89 million a year ago. Net income was TWD 1,181.92 million compared to TWD 1,802.15 million a year ago. Basic earnings per share from continuing operations was TWD 3.02 compared to TWD 4.8 a year ago. Diluted earnings per share from continuing operations was TWD 2.93 compared to TWD 4.77 a year ago.
For the six months, sales was TWD 42,583.35 million compared to TWD 45,005.23 million a year ago. Net income was TWD 2,017.74 million compared to TWD 3,624.55 million a year ago. Basic earnings per share from continuing operations was TWD 5.15 compared to TWD 9.66 a year ago. Diluted earnings per share from continuing operations was TWD 5 compared to TWD 9.58 a year ago.
Giant Manufacturing Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of bicycles and related accessories. The Company's bicycle products consist of race bicycles, road bicycles, urban bicycles, mountain bicycles, folding bicycles, touring bicycles, sports bicycles, bicycles for women and children, as well as electric bicycles and others. The Company distributes its products mainly in the Americas, Europe, Asia, Taiwan and other markets.