Pico Far East’s revenues down 4% in 2017

Hong Kong, 24th January: Hong Kong-listed Pico Far East announced its annual results, for the year ended 31st October 2017. The company reported total revenues of US$510 million, down by 4% year-on-year. The company attributed the decline to the end of two non-recurring mega projects in the previous year. The company’s net profit fell 6.3% during the year, down to US$36 million. Diluted earnings per share for the year were HK$0.2286 (US$0.029).

More than 80% of Pico’s revenues were generated from its exhibition & event marketing services, amounting to US$409 million. This represents year-on-year growth of 6.3%. The remaining revenues were generated from its visual branding experiences business (US$45 million), the museum, themed environment, interior & retail business (US$38 million), and its conference & show management business (US$19 million).