| 10/26/2001 | Forbes Global magazine, Forbes' newest title, has also named Giant as one of the world's top 200 small companies. Forbes Editors started with a list of 20,000 publicly quoted companies with revenues of less than $500 million. Each company was carefully scrutinized on profitability, earnings and sales growth. Fund managers, analysts and industry watchers were also interviewed before the list of the best 200 was finalized.
Giant is among the biggest makers of bikes in the rest of the world with over $425 million in total sales puts. Even will a slowdown in the bicycle industry last year, net profit last year increased 57%, to a record $25 million.
Giant got its start two decades ago as a supplier to Schwinn. Today, however, two thirds of Giant's sales come from its own brands (the other third is from contract manufacturing). Giant is No. 1 in Taiwan and claims to be No. 3 in Europe and the U.S.www.forbes.com
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