News this week: Last week, Pico Thailand,
the Thai-listed subsidiary of Pico Far East
Holdings, announced its results for the quarter ended 30th April
2015. Revenues in the quarter were US$8.7 million, up 34% over the same quarter
in 2014. The company recorded a net profit of US$380,000 in the period,
compared with a net loss of US$94,000 last year.
Pico Thailand attributed the growth in revenue to its event
marketing business stemming from new customers and an increase in
marketing-budget spending from the existing customers.
Pico Thailand also reported its results for the half-year ended
30th April. Revenues in the six-month period were US$15 million, a modest
increase of 1.1% over the same period last year. The company recorded a net
profit of US$377,000, representing strong growth over the 2014 figure of
US$78,000. Earnings per share in the period were Baht 0.059 (US$0.0018).
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