TAIPEI, Taiwan (BRAIN) — Giant Group’s monthly revenue growth trend continued into its fourth fiscal quarter, with a 1.6% uptick in October operating revenue announced Tuesday. The October data comes following Giant’s full third-quarter results released Monday.
Other Taiwan-based publicly traded companies filed their operating revenue report with the Taipei stock exchange Tuesday, with mixed results from bike makers Merida and Ideal and component makers KMC and Sunrace-Sturmey Archer. The monthly operating revenue statements do not include profitability figures.
Giant’s operating revenue reached NT$4.6 billion ($139.5 million) in October. For the year to date, Giant has accumulated NT$50.2 billion, which is down 4.55% from the same period last year thanks to weak sales in Q1. Giant’s third quarter report Monday noted that the company’s operating profit had returned to growth year-over-year in the third quarter.
Merida’s operating revenue was NT$1.3 billion in October, down 20.1% from October last year. Year to date, Merida is down 15.7% in operating revenue. Separately, a Merida monthly financial statement shared with BRAIN shows the company’s Taiwan factory shipped 18,665 bikes in October, down 33% from last October. Merida’s combined global factories shipped 56,665 units in October, up 1% from last October. Year to date, Merida has shipped 234,274 bikes globally, down 23%.
Ideal Bike’s operating revenue was NT$214 million in October, up 205% from the same month last year. Year to date, Ideal’s operating revenue is up 10.7%.
Ideal’s third-quarter financial report showed its loss before tax for the first three quarters was NT$261.0 million, for a loss of NT$0.82 per share.
Sunrace-Sturmey Archer’s operating revenues for October were NT$52.3 million, up 9.3% from October last year. Year to date, the company’s operating revenues are NT$539.1 million, down 18.2%.
Chain maker KMC reported October operating revenue of NT$422.0 million, up 24.1% from October last year. Year to date, KMC’s operating revenues are NT$4.5 billion, up 13.4%.
