Pico’s revenues drop 31% in FY2020

Hong Kong, 26th January: Hong Kong-listed Pico Far East Holdings reported its annual results for the year ended 31st October 2020. The company posted revenues of US$443 million, down 31% year-on-year. In addition, the company’s net profit dropped 79% during the year, down to US$7.2 million. Diluted earnings per share for the year were HK$0.0408 (US$0.0053).

According to the company, (other than the museum, themed environment, interior retail business) its other three business segments were significantly affected by the COVID-19 travel restrictions and lockdowns implemented worldwide.