Hong Kong, 30th June: In a good sign for the industry, last week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2023. Revenues were US$319 million, representing a year-on-year increase of 6.3%.

Profits in the six-month period grew 47% amounting at US$13 million. Diluted earnings per share in the first half of the financial year were HK$0.0816 (US$0.0104).

More than 86% of Pico’s revenues were generated from its exhibition, event & brand activation business amounting to US$275 million. This business was up by 12% year-on-year.