Giant Group’s February Revenue Decline Worsens Sequentially

March 11, 2024

The Giant Group reported monthly revenues for February 2024 declined 27.2 percent to NT$4.14 billion, representing a return to deeper declines after a three month trend in improving performance.

January sales were down 17.7 percent and the year-to-date results were down 22.4 percent to NT$8.94 billion. The February decline is the largest since November 2023 when revenues were down 28.1 percent.

In February 2023, revenues were down 14.9 percent for the month to NT$5.69 billion. SGB Media