Friday, December 17, 2010

Pico Thailand posts 54% rise in revenues

News this week: Bangkok, 13th December: Pico Thailand, the Thai-listed subsidiary of Hong Kong-based Pico Far East Holdings, released its results for the year ended 31st October 2010. The company posted revenues of US$29.8 million, compared with US$19.4 million last year – an increase of 54%. In addition, the company recorded a net profit of US$1.6 million this year – a significant improvement compared to a loss of US$965,000 last year.

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