Pico’s Revenues Up 30 Percent
Hong Kong-listed Pico Far East Holdings has announced interim results for the six months ended 30th April 2012. The company’s turnover was US$233 million, an increase of 30 percednt, compared with the same period in 2011. Profit attributable to owners of the company in the period was US$12 million, a growth of 13 percdent year-on-year. Dilute earnings per share in the six-month period were HK$0.0765.
Pico’s exhibition & event marketing services business generated 76 percent of the company’s revenues (US$178 million) representing a rise of 22%. The second largest business segment was brand signage and visual communication segment, which generated US$29 million, or 12% of total revenues. The remaining revenues were generated through the museum, themed environment, interior & retail segment (US$21 million) and the conference & show management segment (US$5.5 million).
All business segments performed well in the first six months with the museum, themed environment, interior & retail segment observing the highest growth of 122 percent, followed by the conference & show management segment with 91%. The brand signage and visual communication segment and the exhibition & event marketing services were up 35 percent and 22 percent, respectively.