Merida Industry Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 03:28 am EST
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Merida Industry Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 6,688.37 million compared to TWD 9,427.76 million a year ago. Net income was TWD 758.29 million compared to TWD 924.49 million a year ago. Basic earnings per share from continuing operations was TWD 2.54 compared to TWD 3.09 a year ago. Diluted earnings per share from continuing operations was TWD 2.53 compared to TWD 3.08 a year ago.
For the nine months, sales was TWD 22,534.32 million compared to TWD 26,392.23 million a year ago. Net income was TWD 1,995.24 million compared to TWD 3,084.59 million a year ago. Basic earnings per share from continuing operations was TWD 6.67 compared to TWD 10.32 a year ago. Diluted earnings per share from continuing operations was TWD 6.64 compared to TWD 10.25 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. 
