Giant Manufacturing Co. has raised prices in Europe, where its bike sales grew strongly in the first half in local currencies, to mitigate adverse currency exchange effects.  Currencies cut the revenues of Giant by 57.1 million Taiwanese dollars (€1.6m-$1.8m) in the second quarter. At current rates, they grew by only 3.3 percent to NT$15.6 billion (€427.5m-$481.9m) for the quarter. The gross margin declined to 22.5 percent from 23.7 percent in the year-ago period, and the operating margin fell to 9.1 percent from 10.2 percent. Net earnings dropped to NT$835.6 million €22.9m-$25.8m) from NT859.3 million.

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