Friday, March 14, 2014

Pico Thailand records profit in Q1

News this week: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its results for the quarter ended 31st January 2014. Revenues in the quarter were US$8.7 million, a year-on-year increase of 14%. The company recorded a net profit of US$168,000, compared with a net loss of US$96,000 in the same period in 2013. Earnings per share in the quarter were Baht 0.027 (US$0.0008).

Pico Thailand’s management attributed the increase in revenue to the performance of its event marketing business and exhibition business as well as from the revenues from the ITU Telecom World 2013 project.

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