Pico Thailand’s Q1 Revenues Jump 48 Percent
Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, has released its results for the quarter ended 31st January 2016. Revenues in the quarter were US$9.2 million, representing an increase of 48% over the same quarter last year. Net income in the quarter was US$344,000, compared with a loss of US$2,100 in the same quarter in 2015. Earnings per share in the quarter were Baht 0.058 (US$0.0016).
According to the company, the increase in revenue was largely due to the increase in revenue from its exhibition business and event marketing business and as a result of customer acquisition and increased spending from existing customers.