Giant Profit!

By Phil Latz | 28th April 2021 |
Giant Factory

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…