News this week: Last week, Pico Thailand, the Thai-listed subsidiary
of Pico Far East Holdings, released its
results for the quarter ended 31st January 2014. Revenues in the quarter were US$8.7 million, a
year-on-year increase of
14%. The company recorded a net
profit of US$168,000, compared
with a net loss of US$96,000 in the same period in 2013. Earnings per share
in the quarter were Baht 0.027 (US$0.0008).
Pico Thailand’s management attributed the increase in revenue to the
performance of its event
marketing business and exhibition business as well as from the
revenues from the ITU Telecom
World 2013 project.
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