Merida Reports Waning Profit

TAICHUNG, Taiwan – Taiwan’s number two bicycle maker, Merida Industry Co., reports a small decline in profit from TWD 3.53 billion (110 million euro) in 2013 to TWD 3.35 billion (100 million euro) in 2014.
Lack of fundamental improvement in the outlook of its Chinese business remains the biggest structural issue facing Merida. - Photo Merida