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Pico Far East Posts Higher FY21 Earnings on Resurgence of Events, Exhibitions in China

MT Newswires ·  {{timeTz}}

01:15 AM EST, 01/25/2022 (MT Newswires) -- Pico Far East Holdings (HKG:0752) said its fiscal year 2021 earnings climbed to HK$0.1105 ($0.014) per diluted share from HK$0.0408 a year prior.

Profit attributable to owners of the company for the year ended Oct. 31, 2021 also rose to HK$136.9 million year over year from HK$50.5 million, according to a Tuesday filing.

Revenue advanced to HK$4.05 billion from HK$3.44 billion a year earlier.

The events and exhibition firm attributed the gains to its solid footprint in China amid the resurgence of physical events and exhibitions due to economic reopening, as well as online brand activation services offerings on the back of elevated demand for digital or hybrid activations of events, meetings and exhibitions.

Pico raised its final dividend per share to HK$0.05 from HK$0.025, payable April 14 to shareholders of record on April 6. The payment is subject to shareholders' approval.

Price (HKD): $1.30, Change: $0.00, Percent Change: 0.00%

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