Merida Revenue Rises

Merida has announced shipment and revenue figures detailing that in November 2019 the group (including three plants and other overseas subsidiaries) shipped a total of 68,863 bicycle units and had a consolidated revenue of NT$2 billion (approx US$67 million).

The company additionally stated that in the first eleven months of this year 971,718 bicycle units were shipped. Although this amount was over 10% down on the quantity shipped for the same period in 2018, The consolidated revenue for January through November this year had risen by 7.68% to NT$25.6 billion (approx US$849 million).