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Giant Group’s first-quarter revenue up 8%

May 12, 2022

Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year. However, the company said rising material costs, labor and logistics squeezed the company’s gross margin and operating profit. A higher mix of OEM work also contributed to a lower margin of 22.9%. Bicycle Retailer