Hong Kong 23rd June: Last week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2022. Revenues were US$299 million, a year-on-year increase of 25%. Profit in the six-month period grew 20%, amounting at US$8.8 million. Diluted earnings per share in the first half of the financial year were HK$0.0556 (US$0.0071).

More than 81% of Pico’s revenues were generated from its exhibition, event & brand activation business, amounting at US$244 million. This business jumped 34% year-on-year. The remaining revenues were generated from its museum & themed entertainment business (US$27 million), visual branding activation business (US$25 million), and meeting architecture activation business (US$3.5 million).