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Giant Group full-year revenues down 7%

Published January 15, 2025

TAIPEI, Taiwan (BRAIN) — Giant Group's 2024 operating revenues were down 7.4% from the year prior, but are still above pre-pandemic levels. Operating revenues for the full year were NT$71.25 billion ($2.6 billion), down from NT$76.95 billion in 2023, according to Giant's monthly revenue report filed with the Taipei Stock Exchange.

While down from pandemic years, the 2024 annual sales figure still exceeds the sales recorded in 2020 and in 2019, before the pandemic boom. 

The company has yet to release detailed profit figures for the full year. In its most recent detailed report the company said its net profit before taxes for the first nine months of 2024 was NT$3.27 billion, down 33% from the same period the year prior. Net profit after tax for the nine months was NT$2.17 billion, down 30% from the prior year. 

Giant's operating revenue in the final three months of 2024 was down 6.5%, 16.1% and 1.4% from the same months in 2023, respectively. 

Year Operating revenue Change from prior year Net profit before tax Change from prior year
2018 NT$60.00B   NT$3.60B  
2019 NT$63.40B 5.7% NT$4.80B 33.3%
2020 NT$70.00B 10.4% NT$5.20B 8.3%
2021 NT$81.86B 16.9% NT$8.70B 67.3%
2022 NT$92.05B 12.4% NT$8.74B 0.5%
2023 NT$76.95B -16.4% NT$4.80B -45.1%
2024 NT$71.25B -7.4% n/a n/a

 

Topics associated with this article: Earnings/Financial Reports