Giant Booked Higher Margins and Profits in 2013
TAICHUNG, Taiwan – The country’s largest bicycle manufacturer Giant booked higher margins and profits on flat sales in 2013, according to figures published by the Taiwan Stock Exchange.
In 2013 Giant’s sales reached NT$54.4 billion (1.297 bn euro), compared with NT$54.1 billion (1.290 bn euro) in 2012. The gross margin reached 21.9 percent of the operating revenue, compared with 20.5 percent in 2012.
The operating expenses, including research and development, increased by 5.3 percent to NT$7.53 billion (179 mn euro), or 13.8 percent of the operating revenue. For 2013 Giant reported net operating income of NT$4.15 billion (99 mn euro), up 4.3 percent compared with NT$3.98 billion (95 mn euro) in 2012.