Ideal Bike Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,020.52 million compared to TWD 1,297.82 million a year ago. Net loss was TWD 51.18 million compared to net income of TWD 124.46 million a year ago. Basic loss per share from continuing operations was TWD 0.17 compared to basic earnings per share from continuing operations of TWD 0.41 a year ago. Diluted loss per share from continuing operations was TWD 0.17 compared to diluted earnings per share from continuing operations of TWD 0.41 a year ago.
For the six months, sales was TWD 2,131.09 million compared to TWD 2,429.06 million a year ago. Net loss was TWD 102.94 million compared to net income of TWD 167.24 million a year ago. Basic loss per share from continuing operations was TWD 0.34 compared to basic earnings per share from continuing operations of TWD 0.56 a year ago. Diluted loss per share from continuing operations was TWD 0.34 compared to diluted earnings per share from continuing operations of TWD 0.55 a year ago.