Pico Far East full year income falls to HK$257mBusiness | 21 Jan 2020 8:14 pm
Exhibition and events planner, Pico Far East (0752), said full-year net profit ended October 31 last year slid by 5.4 percent to HK$257 million, dragged down by the increase in interest expenses and the amortization of other intangible assets arising from business combinations due to acquisitions.
The basic earnings per share were 20.76 HK cents.
The company declared a final dividend of 9 HK cents, totaling a full-year dividend of 13.5 HK cents.
Revenue grew by 8.3 percent to a record high of HK$5.02 billion. Revenue from exhibition and events marketing services increased by 1.8 percent year-on-year to HK$3.89 billion.