Financial Results

Giant Group’s 2022 ends with double-digit growth

By 11 March 2023

Giant LogoFoto Jo Beckendorff

Taiwan’s leading bicycle manufacturer Giant Manufacturing Co. Ltd (Giant Group) saw its FY2022 sales increase 12.5 percent year-on-year to 92.04 billion Taiwan dollars (€2.82bn). However, rising material and labor costs and increasing OE business affected the group’s gross margin and operating profit. Year-on-year, net profit before tax was flat at ...

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