News this week: Hong Kong-listed, Pico Far East Holdings announced its results for the year ended 31st October 2011. Revenues hit a new high of US$452 million – up 14% year-on-year. Net profit grew 29% to US$32 million. The diluted earnings per share for the year were HK$0.2041 (US$0.026).
The exhibition & event marketing business generated 68% of the company’s revenues (US$309 million). Revenues from that business were flat compared with the previous year. The remaining revenues were generated through Pico’s brand signage & visual communication business (US$55 million), museum, themed environment, interior & retail business (US$49 million) and conference & show management business (US$39 million).
Greater China (including Hong Kong, Macau, Taiwan and PRC) generated more than half of Pico’s revenues totalling US$228 million. India, Malaysia, Singapore and Vietnam together generated US$129 million or 29% of total revenues.
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