Pico Thailand’s Q1 Revenues Jump 48 Percent

March 22, 2016

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.

Add new comment

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Image CAPTCHA
Enter the characters shown in the image.

Partner Voices

With more than 2,000 rooms being added to Dallas’ hotel inventory in the coming years, the city is experiencing the second-largest hotel boom in the nation. From top brands like Virgin Hotels to independent and interesting properties, like HALL Arts Hotel, Dallas boasts a hotel type and price point for every preference and budget.