Giant Group reported first half revenue rose 4.1 percent to TWD27.2 billion ($914 mm) for the first six months ended June 30.
The Taiwanese bicycle manufacturer reported pre-tax net profit of TWD2.41 billion ($81 mm), up 18.9 percent. Net income reached TWD1.72 billion ($58 mm), or TWD4.5 (15 cents) per share, up 19.9 percent.
Giant said it manufactured 3.19 million bicycles and electric bikes during the period. Giant branded products accounted for 30 percent of revenue growth, which was strongest in Taiwan. Operating performance was also strong in Australia and South Korea, but weaker in Europe and the United States due to lingering economic concerns. .
The company said its sponsorship of the Belkin Pro Cycling Team paid off when the team placing 5th of 22 teams competing in the 100th Tour de France. Giant said it remains the global leader in the new 27.5-inch mountain bike category, which continues to win accolades thanks in part to Bend, OR-based mountain biker Carl Decker, a member of the Giant Factory Off-Road Team who rode a Giant Anthem Advanced 27.5 in many of his competitions.
