Pico Thailand returns profit

Bangkok, 13th September: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st July 2024. Revenues in the quarter were US$12.4 million, which jumped 156% year-on-year. In the same period, the company posted a net profit of US$418,000 compared with a loss of US$225,000 in the same quarter in 2022.

The company attributed the increase in revenues to lots of marketing activities were held in the period.