Blaming weak demand for its products in Mainland China, where...

2017-05-18T00:00:00

Blaming weak demand for its products in Mainland China, where it has many competitors, Giant Bicycle reported a 5 percent drop in revenues to 13.5 billion Taiwanese dollars (€402.3m-$447.3m) for the first quarter ended March 31, leading to a 40 percent drop in net income to NT$516 million (€15.4m-$17.1m). Sales increased ...

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