News this week: Hong Kong-listed, Pico Far East Holdings has announced its results for the year ended 31st October 2010. Revenues reached a new record high of US$395 million, a year-on-year 38% increase. Net profit grew an impressive 54% to US$26 million. The company attributed the growth to the revenues from the Shanghai World Expo. The dilute earnings per share for the year were HK$0.1589.
The exhibition and event marketing services generated 78% of the company’s revenues (US$307 million). Revenues from that business jumped 31% over the previous year. The remaining revenues were generated through its museum, themed environment, interior & retail businesses (US$38 million), brand signage and visual communication (US$36 million), and conference & show management segments (US$13 million).
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