Merida Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 04:25 am IST
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Merida Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 5,255.621 million compared to TWD 5,574.733 million a year ago. Operating income was TWD 357.209 million compared to TWD 290.911 million a year ago. Net income was TWD 470.431 million compared to TWD 478.925 million a year ago. Basic earnings per share was TWD 1.57 compared to TWD 1.6 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.