Hong Kong, 28th January: Hong Kong-listed Pico Far East reported its annual results for the year ended 31st October 2018. The company posted record-high revenues of US$590 million, up 16% year-on-year. However, the company’s net profit dropped 3.5% during the year down to US$35 million. Diluted earnings per share for the year were HK$0.2198 (US$0.028).
More than 82% of Pico’s revenues were generated from its exhibition & event marketing services amounting to US$487 million. This represents year-on-year growth of 20%. The remaining revenues were generated from its visual branding and experiences business (US$47 million), its museum, themed environment, interior & retail business generated US$46 million, and its conference & show management business recorded US$11 million.