Giant Manufacturing Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:36 am EST
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Giant Manufacturing Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 19,517.34 million compared to TWD 25,869.07 million a year ago. Net income was TWD 1,102.67 million compared to TWD 2,006.31 million a year ago. Basic earnings per share from continuing operations was TWD 2.81 compared to TWD 5.35 a year ago. Diluted earnings per share from continuing operations was TWD 2.74 compared to TWD 5.18 a year ago.
For the nine months, sales was TWD 62,100.69 million compared to TWD 70,874.3 million a year ago. Net income was TWD 3,120.41 million compared to TWD 5,630.85 million a year ago. Basic earnings per share from continuing operations was TWD 7.96 compared to TWD 15.01 a year ago. Diluted earnings per share from continuing operations was TWD 7.72 compared to TWD 14.71 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.