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Merida Scores Big on Profit

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TAICHUNG, Taiwan – Taiwan’s second largest bicycle manufacturer, Merida Industry Co., reports for 2012 an increase in its net profit to NT$2.31b (€60m); up 27.6 % compared with 2011.

Merida Scores Big on Profit
Michael Tseng, CEO of Merida Industry at the 2013 A-Team meeting at last week’s Taipei Cycle Show, expands his business in China. - Photo Bike Europe

Merida’s consolidated revenue was NT$24.38b (€637m) last year, up 21% from NT$20.16 billion (€526m) in 2011 the company said in a filing to the Taiwan Stock Exchange.

Like most Taiwanese bicycle companies Merida is growing in revenue and profit thanks to the expanding market in China.

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