Giant Manufacturing saw its comprehensive net income jump by 137 percent to 1,129.7 million Taiwan dollars (€31.6m-$37.5m) in the second quarter. Excluding a foreign currency gain of NT$ 962 million (€26.9m-$31.9m) and other extraordinary items, profits slipped by 19 percent to NT$ 677.7 million (€19.0m-$22.5m) as revenues fell by 9 percent to NT$ 13.43 billion (€37.6m-$44.6m) and the gross margin contracted by 2.2 percentage points to 20.4 percent. European sales were mainly driven by electric bikes. Sales lagged in China under the impact of bike sharing.

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