Merida Industry Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021
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Merida Industry Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 7,293.360 million compared to TWD 7,590.006 million a year ago. Operating income was TWD 485.108 million compared to TWD 618.524 million a year ago. Net income was TWD 888.882 million compared to TWD 1,094.906 million a year ago. Basic earnings per share from continuing operations was TWD 2.97 compared to TWD 3.67 a year ago. Diluted earnings per share from continuing operations was TWD 2.96 compared to TWD 3.65 a year ago. For the half year, total revenue was TWD 15,310.888 million compared to TWD 12,845.627 million a year ago. Operating income was TWD 830.036 million compared to TWD 975.733 million a year ago. Net income was TWD 2,042.300 million compared to TWD 1,565.337 million a year ago. Basic earnings per share from continuing operations was TWD 6.83 compared to TWD 5.24 a year ago. Diluted earnings per share from continuing operations was TWD 6.81 compared to TWD 5.22 a year ago.
MERIDA INDUSTRY CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of bicycles. The Company is also involved in the trading of electric bicycles, bicycle frames and related components. The Company operates through three segments. The Domestic segment is engaged in the manufacture and sales of products in Taiwan. The Asia segment is engaged in the manufacture and sales of products in China and Hong Kong. The Europe segment is engaged in the sales of products in Europe.