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Giant's H1 Earnings Edge Higher

Source: Taiwantrade | Updated: 05 September 2012

In the first six months of this year, Giant said Friday that it posted US$47.67 million in net profit, up 0.6 percent from a year earlier, while its earnings per share during the same period stood at NT$3.82, compared with NT$3.8 recorded a year ago.

Giant's consolidated sales for the six months totaled US$ 873.87 million, up 14.4 percent from a year earlier, while the bike maker registered US$ 67.55 million in pretax profit, up 0.9 percent year-on-year.

In the second quarter alone, the bike maker posted NT$2.04 in earnings per share, up from NT$1.78 recorded in the first quarter.

Giant said it sold 3.61 million bikes in the first half of this year, up 32 percent from a year earlier.



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