Bangkok--18 Dec--PICO
PICO post the year 2006 earnings of 1,112 million baht, a 54-per-cent increase from last year. Positive growth is seen in every PICO’s service businesses due to continued growth in demands of organised marketing activities and knowledge development. Incomes from public sector raised 150 per cent from last year. The company sees business potential in 2007.
Mr. Silchai Kiatpapan, Chief Executive Officer of PICO (Thailand) PLC, an event-marketing company said that the operating results for the year ended 31st October 2006 were recorded Baht 1,112 million, increasing from Baht 392 million the same period last year or 54 per cent. The net income stood at Baht 71 million, Baht 29 million baht higher or an increase of 71 per cent from 2005 due to marketing events and knowledge-based activities.
The company has expanded clientele base of private and public sectors, especially in automobile, telecommunications, energy, financial institutions and insurance, food and beverages sectors. Incomes from public clientele struck a new high of 150 per cent higher from the same period last year.
PICO has recorded continuous growth from quarter to quarter of 2006 and higher from last year.
“Despite the hike of gasoline price, the 19 September political situation, the flood and especially a significant in-flow of international event organizing firms to tap the Asia-Pacific and Thailand markets, PICO has been able to adjust our position and develop our business potential to a very satisfactory level,” said Mr. Silchai.
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