Bangkok, 9th June: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its results for the quarter ended 30th April 2017. Revenues in the quarter were US$10 million, down 16% from the same quarter in 2016. However, the company’s net profit increased by 9.5% in the period reaching US$562,000.

The company also reported its results for the half-year ended 30th April. Revenues in the six-month period were US$17 million – a decrease of 21% down compared with the same period last year. The company’s net profit dropped 61% year-on-year, down to US$336,000 in 2017. Earnings per share for the half year were Baht 0.056 (US$0.0016).