News this week: Last week, Hong Kong-listed, Pico
Far East Holdings announced
its results for the year ended 31st October 2014. Revenues were
US$494 million, up 16% year-on-year. Profit in the year grew 14% to US$31 million.
Diluted earnings per share for the year were HK$0.1972 (US$0.025). The
management attributed the growth in revenues to the implementation of its Total
Brand Activation (TBA) strategy in its exhibition business.
Pico’s largest
business segment was its exhibition & event marketing services, which generated
revenues of US$356 million, accounting for 72% of total revenues. This
represents a 12% increase over the previous year. The remaining revenues were
generated through its brand signage & visual identity business (US$61.4
million), the museum, themed environment interior & retail business
(US$60.8 million) and its conference & show management business (US$16.1
million).
Lawrence Chia, chairman
of Pico, said, “We are delighted about the significant increase in turnover in
the second half of 2014. This year, we have made notable breakthroughs by
offering a wider spectrum of services like digital marketing and sponsorship
activation. We will continue to invest in our people to ensure that the skills
of our different specialised teams can meet the ever-changing demands of our
different business segments.”
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