News this week: Hong Kong-listed, Pico
Far East Holdings announced its results for the year ended 31st October
2012. Revenues increased by 10% year-on-year reaching US$498 million. Profits dropped
3.8% to US$31 million, while diluted earnings per share for the year were HK$0.1963
(US$0.025).
The exhibition & event marketing services generated just
more than 70% of the company’s revenues (US$351 million), a 13% increase over
last year. The remaining revenues were generated through Pico’s brand signage
& visual communication business (US$73 million), museum, themed
environment, interior & retail business (US$63 million) and conference
& show management business (US$11 million).
The brand signage & visual communication business was up
33% and the museum, themed environment, interior & retail business grew
28%. The conference & show management business was the only segment record
a decrease (of 71%), as the previous year Pico organised ITMA (Internationale
Textilmaschinen Ausstellung) show in Barcelona – the world’s largest
international textile machine show, which is held once every four years.
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