Friday, February 01, 2013

Pico’s revenues up 10%


News this week: Hong Kong-listed, Pico Far East Holdings announced its results for the year ended 31st October 2012. Revenues increased by 10% year-on-year reaching US$498 million. Profits dropped 3.8% to US$31 million, while diluted earnings per share for the year were HK$0.1963 (US$0.025).

The exhibition & event marketing services generated just more than 70% of the company’s revenues (US$351 million), a 13% increase over last year. The remaining revenues were generated through Pico’s brand signage & visual communication business (US$73 million), museum, themed environment, interior & retail business (US$63 million) and conference & show management business (US$11 million).

The brand signage & visual communication business was up 33% and the museum, themed environment, interior & retail business grew 28%. The conference & show management business was the only segment record a decrease (of 71%), as the previous year Pico organised ITMA (Internationale Textilmaschinen Ausstellung) show in Barcelona – the world’s largest international textile machine show, which is held once every four years.

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