News this week: Hong Kong-listed Pico Far East Holdings has announced interim
results for the six months ended 30th April 2012. The company’s
turnover was US$233 million, an increase of 30% over the same period in 2011.
Profit attributable to owners of the company in the period was US$12 million, a
growth of 13% year-on-year. Dilute earnings per share in the six-month period
were HK$0.0765.
Pico’s exhibition &
event marketing services business generated 76% of the company’s revenues
(US$178 million) representing a rise of 22%. The second largest business
segment was brand signage and visual communication segment, which generated
US$29 million, or 12% of total revenues. The remaining revenues were generated
through the museum, themed environment, interior & retail segment (US$21
million) and the conference & show management segment (US$5.5 million).
All business segments
performed well in the first six months with the museum, themed environment,
interior & retail segment observing the highest growth of 122%, followed by
the conference & show management segment with 91%. The brand signage and
visual communication segment and the exhibition & event marketing services
were up 35% and 22% respectively.
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