Friday, June 12, 2015
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).