Pico Thailand returns profit in Q1

Bangkok, 1st April: Earlier this week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its results for the quarter ended 31st January 2024. Revenues during the quarter were US$7.9 million, representing a year-on-year increase of 19%.

The company posted a net profit of US$95,000 in the quarter, compared with a loss of US$210,000 in the same quarter of 2023. Earnings per share in the quarter were Baht 0.016 (US$0.00045).