Ideal Bike Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 1,097.55 million compared to TWD 1,694.96 million a year ago. Net loss was TWD 45.2 million compared to net income of TWD 156.98 million a year ago. Basic loss per share from continuing operations was TWD 0.15 compared to basic earnings per share from continuing operations of TWD 0.52 a year ago. Diluted loss per share from continuing operations was TWD 0.15 compared to diluted earnings per share from continuing operations of TWD 0.52 a year ago.
For the nine months, sales was TWD 3,228.64 million compared to TWD 4,124.02 million a year ago. Net loss was TWD 148.14 million compared to net income of TWD 324.22 million a year ago. Basic loss per share from continuing operations was TWD 0.49 compared to basic earnings per share from continuing operations of TWD 1.08 a year ago. Diluted loss per share from continuing operations was TWD 0.49 compared to diluted earnings per share from continuing operations of TWD 1.08 a year ago.