Merida Industry Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Merida Industry Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 7,459.37 million compared to TWD 8,808.54 million a year ago. Revenue was TWD 7,459.37 million compared to TWD 8,808.54 million a year ago. Net income was TWD 671.77 million compared to TWD 952.95 million a year ago. Basic earnings per share from continuing operations was TWD 2.25 compared to TWD 3.19 a year ago. Diluted earnings per share from continuing operations was TWD 2.24 compared to TWD 3.18 a year ago.
For the six months, sales was TWD 15,845.95 million compared to TWD 16,964.48 million a year ago. Revenue was TWD 15,845.95 million compared to TWD 16,964.48 million a year ago. Net income was TWD 1,236.95 million compared to TWD 2,160.1 million a year ago. Basic earnings per share from continuing operations was TWD 4.14 compared to TWD 7.22 a year ago. Diluted earnings per share from continuing operations was TWD 4.12 compared to TWD 7.19 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. 
