Reported about 1 year ago
Benefiting from the acquisition effect and strengthened customer orders, Chiao Shan (1736) reported a consolidated revenue of 3.937 billion NT dollars in June, a monthly increase of 19.6% and a yearly increase of 25.23%. Both commercial and home fitness equipment revenues saw growth, with commercial equipment revenue driven by market operations in Latin America, Europe, and Australia. The addition of BowFlex, Schwinn, and JRNY brands contributed to the growth as well. Chiao Shan also plans to expand globally by establishing two new subsidiaries in Chile and Morocco this year. With a strong gross profit performance, the company expects increasing revenues throughout the second half of the year as the fitness equipment industry enters its peak season.
Source: YAHOO