Merida’s Profits Nosedive in Q3
Merida Industry noted that excess inventory at retailers is improving, as Taiwan’s second-largest bicycle manufacturer and key Specialized supplier saw net income attributable to shareholders fall by nearly three-quarters to TWD 175.6 million ($5.5 mm) from TWD 624.9 million. Revenues were down 16% to TWD 6,098.3 million ($190.6 mm) ... Log in to view full article.
