Pico’s Revenues Up 30 Percent
July 9, 2012
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.
Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started.
Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind.
“Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for."
What’s New – AT&T Discovery District
Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall.
Hotels Coming Soon
Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond.
JW Marriott
This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar.
InterContinental Dallas
Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.
Hotel Swexan
Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
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