The world’s largest bike maker’s profits more than tripled to TWD 189.9 million ($20.1 mm) from TWD 634.8 million in the second quarter, as revenues increased by 6% to TWD 16,664.7 million ($527.5 mm) from TWD 15,754.3 million. The improved profitability was powered by 380 basis points of additional gross margin, which hit 24.2% in the period. New product launches and a broadly recovering bike marketplace supported the growth, while strong sales of Giant’s own brand bikes helped expand profitability. Lower volumes of heavy clearance sales also helped ... Log in to view full article.