BikeBiz Bicycle and cycling retail news
Dahon California, Inc., has announced that 2002 gross revenues have increased by more than 30 percent compared to the first six months of 2001.
Increased revenues from patent licensing and sales of complete bicycles
contributed to the growth.
"2002 has been a very difficult year for the bicycle industry so our results are extremely encouraging,” said Dr David Hon (Da – Hon – geddit?)
"Our healthy growth shows us that consumers are responding to our products and that the underlying demand for quality folding bicycles is not only strong but
accelerating."
Dahon is said to have experienced strong growth in mid/high priced folding bicycles in all major markets.
“With better weather in Europe and the global economy poised for an upswing, we are looking forward to an even better 2003,” said Hon.
