The Giant Group reported monthly revenues for March 2024 fell in double digits once again, declining 17.4 percent to NT$7.12 billion, representing a moderation from a sharp 27.2 percent crash in February while the first quarter decline in the business was double the decrease in the year-ago Q1 results.
January sales were down 17.7 percent, and the resulting first quarter results were down 20.3 percent to NT$16.06 billion. The February decline was the largest since November 2023, when revenues were down 28.1 percent.
In Q1 last year, revenues were down 9.6 percent year-over-year to NT$20.12 billion.
Revenues were reportedly down 16.4 percent for the full year 2023 and down 29.8 percent in the fourth quarter.
The Giant Group reports financials in the New Taiwan Dollar (NT$).
Image courtesy Giant Group
