Hong Kong, 24th June: Last week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2021. Revenues were US$242 million, flat with last year. Profits from core operations in the six-month period grew 9.2%, amounting to US$12 million. Diluted earnings per share in the first half of the financial year were HK$0.0465 (US$0.0060).

More than 76% of Pico’s revenues were generated from its exhibition & event marketing services business, amounting to US$184 million. This business decreased 3.4% year-on-year. The company claimed that despite having only three months to operate in a normal business environment during the period, the encouraging performance in China delivered an impressive number of in-person exhibitions and events.