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Giant, Merida Sales Up for March

Published April 13, 2010

TAIPEI, Taiwan (BRAIN)—March sales revenue for Taiwan’s two leading manufacturers soared in the double digits, while Ideal’s revenue fell for the second straight month, according to first quarter sales numbers released this week on the Taiwan Stock Exchange.

Giant, the island’s No. 1 manufacturer, reported March revenue of NT $1.7 billion ($53.5 million), up 32.9 percent from March of 2009. For the year, Giant’s revenue is up 3.8 percent from the same time last year. Giant’s first quarter revenue was NT $4.4 billion ($138.9 million).

Merida’s March revenue came in at NT $1.17 billion ($37 million), up 62.9 percent from the same month in 2009. Year-to-date, Merida is up 12.7 percent with revenue of NT $3 billion ($96.4 million).

Ideal, Taiwan’s smallest manufacturer, did not see the same success in March, reporting a 44.4 percent drop in revenue for the month. Ideal’s March revenue was NT $295 million ($9.29 million). For the first quarter of 2010, Ideal’s revenue is down 32.8 percent, to NT $810 million ($25.5 million).

(Note: Conversions use the March 31, 2010 exchange rate of $1=NT $31.76. Numbers do not reflect mainland China operations).

—Nicole Formosa

Topics associated with this article: Earnings/Financial Reports

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