Merida Industry Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 12:14 pm EST
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Merida Industry Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 7,277.235 million compared to TWD 7,824.798 million a year ago. Net income was TWD 1,349.372 million compared to TWD 862.288 million a year ago. Basic earnings per share was TWD 4.51 compared to TWD 2.88 a year ago. Diluted earnings per share was TWD 4.48 compared to TWD 2.88 a year ago. For the nine months, sales was TWD 20,122.862 million compared to TWD 20,904.465 million a year ago. Net income was TWD 2,914.709 million compared to TWD 1,909.059 million a year ago. Basic earnings per share was TWD 9.75 compared to TWD 6.39 a year ago. Diluted earnings per share was TWD 9.7 compared to TWD 6.36 a year ago.
MERIDA INDUSTRY CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of bicycles. The Company is also involved in the trading of electric bicycles, bicycle frames and related components. The Company operates through three segments. The Domestic segment is engaged in the manufacture and sales of products in Taiwan. The Asia segment is engaged in the manufacture and sales of products in China and Hong Kong. The Europe segment is engaged in the sales of products in Europe.
MERIDA INDUSTRY CO., LTD. 
