Pico Far East revenues up 12% in FY2022

Hong Kong, 30th January: Hong Kong-listed Pico Far East Holdings reported its annual results for the year ended 31st October 2022. The company posted revenues of US$579 million, up 12% year-on-year. Pico’s net profit grew 19% during the year, reaching US$21 million. Diluted earnings per share in the year were HK$0.1313 (US$0.017).

The company attributed the strong performance to its pre-emptive transformation and planning, which enabled the company to capture growth opportunities.