Pico Thailand’s revenues down, but profit up in FY2022-23

Bangkok, 6th December: Earlier this week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its full-year financial results for the year ended 31st October 2023. Revenues in the financial year were US$29 million, representing a year-on-year decrease of 6.2%.

However, the company’s net profit posted 12% growth over the previous year, reaching US$634,000. Earnings per share were Baht 0.10 (US$0.0028).