Pico Thailand posts loss

Bangkok, 10th September: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st July 2026. Revenues in the quarter were US$5.26 million, which dropped 41% year-on-year.

The company attributed the decrease to the special government projects implemented during the same period last year, and the increased budget constraints among private-sector customers for marketing activities in the current year. During the quarter, the company posted a net loss of US$153,000, comparing with a profit of US$404,000 recorded in the same quarter last year.

Pico Thailand also announced its results for the nine months ended 31st July. Revenues in the nine-month period were US$17.7 million, down 29% year-on-year. The company posted a net loss of US$792,000, compared with a loss of US$258,000 in the same period last year.