Friday, March 15, 2013

Pico Thailand posts quarterly net loss


News this week: Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its results for the quarter ended 31st January 2013. Revenues in the quarter were US$8.5 million, a decrease of 36% compared with the same quarter last year. The company recorded a net loss of US$96,000 in the quarter, compared with a net profit of US$992,000 in the same period in 2012.

Pico Thailand’s management attributed the decrease in revenues to lower income from its exhibition and knowledge communication businesses. According to the company, the exhibition business revenue is lower than last year and a major contract related to its knowledge communication business ended in the middle of 2012.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

No comments: