Bangkok, 9th March: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st January 2018. Revenues in the quarter were US$13 million, which represents an increase of 67% compared with the same quarter last year.

Pico Thailand posted a net profit of US$468,000 in the quarter, compared with a net loss of US$222,000 the same period in 2017. Earnings per share in the quarter were Baht 0.067 (US$0.0022).