Bangkok, 11th June: The Thai-listed subsidiary of Pico Far East Holdings, Pico Thailand, released its results for the quarter ended 30th April 2021. Revenues in the quarter were US$5.1 million, representing a year-on-year increase of 23%. The company narrowed its loss to US$321,000, from a loss of US$791,000 recorded in the same quarter last year.

The company attributed its revenue growth to eased government measures to control the COVID-19 situation in mid-February 2021.