Bangkok, 8th September: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st July 2022. Revenues in the quarter were US$7.1 million, up an impressive 236% compared with the same quarter in 2021.

The company narrowed its loss from US$714,000 last year, down to just US$64,000 in 2022. The company attributed its improving performance to recovery of the Thai economy as the government eased social distancing measures associated with the global pandemic.