Shimano’s Sales and Profits Soar Higher

Osaka, Japan The third quarter financial update from Shimano, for the first nine months of 2021 to 30th September 2021, has illustrated the world’s largest bicycle component supplier’s rush to fill a void in supply, with net sales in the nine months to September up 49.6%. That acceleration of trading saw the firm’s operating income…

BikeExchange Reveals Strong Growth for 2020/21

BikeExchange.com.au home page

BikeExchange is one of a very small number of Australian bicycle industry related companies that is publicly listed on the Australian Stock Exchange (ASX). This requires them to regularly publish detailed financial statements and reports outlining any significant changes to staffing, operations and any other changes that may materially impact their financial performance. As we…

Wiggle CRC Posts A Massive Loss After Writedowns

Wiggle CRC Logo

Mapil Topco Limited, which trades as Wiggle CRC, has just released its financial statements for the year ending 30th December 2018. They shown a pre-tax loss of £132.5 million (A$253 million). But as is often the case with large entities, that single figure does not tell the whole story. Wiggles sales rose 15% to £453…