News this week:
Last week, Pico Thailand,
the Thai-listed subsidiary of Pico Far East Holdings,
released its financial results for the quarter ended 31st
January 2015. Revenues in the quarter were US$6.7 million, a year-on-year
decrease of 24%. The company recorded a net profit of US$16,000, dropping from
last year’s US$168,000. Earnings per share in the period were Baht 0.002.
Pico
Thailand attributed the decreases in revenue and profit to the country’s
political uncertainty and recovering economy. Additionally, the company cited a
significant amount of revenue in the previous financial year was generated by a
large-scale project, ITU Telecom World.
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