Bangkok, 5th September: Earlier this week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st July 2017. Revenues in the quarter were US$11 million, an increase of 9.3% compared with the same quarter last year. The company’s profits jumped an impressive 381% - reaching US$521,000.
Pico Thailand’s management attributes the growth in revenues to increases at its exhibition & event marketing business. A drop in operating expenses also served to boost profits.