Posts Tagged ‘China’
Giant Profit!
The global Covid-induced bike boom has seen Giant Group’s net profit grow by almost half in 2020. Net profit for 2020 was up 46.7% over 2019. It reached NT$4.95 billion (A$228 million). This was based upon total sales for 2020 of NT$70 billion (A$3.22 billion) meaning that the net profit percentage rate was still a quite modest 7.1%. Giant said all its…
Letter from America: January 2021
What a year! And that’s an understatement. But with 2020 inching toward it close it’s time to attempt a forward look for 2021. It’s sort of a tradition among the press — this sometime feeble annual attempt to prognosticate about the future. In this case more specifically about the future of cycling in the U.S.…