Pico Far East’s profit up 40% in FY2023

Hong Kong, 23rd January: Hong Kong-listed Pico Far East Holdings reported its annual results for the year ended 31st October 2023. The company posted revenues of US$681 million, up 17% year-on-year. Pico’s net profit jumped 40% during the year, reaching US$29 million. Diluted earnings per share for the year were HK$0.1839 (US$0.024).

More than 82% of Pico’s revenues (US$564 million) were generated from its exhibition, event & brand activation business, representing year-on-year growth of 20%. Other revenue streams were generated from museum & themed environments (US$51 million), visual branding activation (US$49 million), and meeting architecture activation (US$17 million).