Pico Thailand Revenue Up 12%
Pico Thailand has announced its full year financial results ended 31st October 2016. The company reported total revenue of US$40 million, up by 12% year-on-year. The business was driven by growth of event marketing business from new customers and more marketing-budget spending from the existing customers.
The company posted a net profit of US$1.02 million in the year, dropped 48% from the previous year. The decrease in profit was due to the increase in cost of rendering services of Exhibition and Museum Exhibit business as well as the increase in expenses the selling and administrative. Earnings per share in the year were Baht 0.16 (US$0.0046).