Bangkok, 7th June: Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, has released its results for the quarter ended 30th April 2024. Revenues in the quarter were US$7.02 million, representing a year-on-year decrease of 16%. The company posted a net profit of just US$12,000 in the quarter, compared with a profit of US$617,000 in the same quarter last year.

Pico Thailand also reported its results for the six months ended 30th April. Revenues in the period amounted to US$15 million, which is similar compared with same period last year. In the previous six months, the company recorded a net profit of US$102,000, compared with a profit of US$415,000 during the first half of the last financial year.