www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Pico to focus on Asia to offset US, Europe weakness

Updated: 2013-01-26 15:43
By Sophie He in Hong Kong ( China Daily)

Pico Far East Holdings Ltd, a Hong Kong-based exhibition and event marketing services provider, plans to focus its resources in Asia, particularly in the Greater China area, expecting the region to boost its revenue growth by between 10 to 20 percent in 2013.

For the 12 months ended Oct 31, 2012, Pico Far East recorded a turnover of HK$3.86 billion, a 10 percent increase from a year ago; of which HK$2.16 billion, or 55.9 percent, was contribution from the Greater China area, and a 21.7 percent increase year-on-year.

Looking at 2013, the economic environment for the company is far from desirable, as the US economic growth is still very slow while there are still some uncertainties in Europe, which is why the company will continue to focus on Greater China, Lawrence Chia, chairman and chief executive at the company, told a press conference on Friday after it released its annual results.

"China is still the most optimistic market we have...I believe for the next 10 years, revenue from Greater China will be maintained to account for a major part of our income resource and we will continue to expand our market share in this region" said Chia.

Chia also said that the company has already secured several contracts from a strong pipeline of up-coming major projects in 2013. Although he refused to disclose the contract value on hand, he said he is confident that the company will achieve a 10 to 20 percent revenue growth in 2013.

During the 2012 financial year, the company's profit attributable to its owners was HK$238.5 million, or 19.66 HK cents per share, a 3.8 percent fall from the same period a year ago.

A final dividend of 5.5 HK cents per share was recommended.

The profit decline was due to some one-off restructuring costs incurred by the consolidation of the company's US operations as well as the consolidation of its India operations, according to the company.

In 2012, the company's gross profit margin was 28.1 percent, a 1.8 percentage points decline from a year ago. Chia explained that the squeezed margin was mainly because the company has not yet realised the major portion of revenue from a large project it finished last year as well as some inventory write-off in India.

Chia said that without these one-off factors that occurred in 2012, the company's gross profit margin should be able to stand between 30 to 31 percent in 2013.

By the end of October 2012, Pico Far East's cash on hand was HK$939 million. Chia said that the company is looking for M&A opportunities.

Currently, Pico Far East is engaged in negotiations of several potential acquisition targets, which include show management companies located in China, said Chia.

sophiehe@chinadailyhk.com

 
8.03K
 
...
主站蜘蛛池模板: 国产免费自拍 | 日韩国产欧美成人一区二区影院 | 成年午夜性爽快免费视频不卡 | 办公室紧身裙丝袜av在线 | 成人免费的性色视频 | 国产在视频线在精品 | 97香蕉久久夜色精品国产 | 日本在线网 | 久久综合网址 | 日韩久操| 久香草视频在线观看免费 | 九九九九热精品视频 | 高清午夜看片a福利在线观看琪琪 | 国产女王s调视频vk 国产女王vk | 亚洲国产精品免费 | 国产美女一级毛片 | 欧美日韩一区二区在线观看 | 成人免费公开视频 | 最新国产一区二区精品久久 | 亚洲国产精久久久久久久春色 | 国内自拍网站 | 免费观看a毛片一区二区不卡 | 在线观看免费视频网站色 | 91在线免费公开视频 | 精品久久久久久久久久中文字幕 | 色婷婷国产精品欧美毛片 | 国产一区二区三区四区在线 | 男人和女人搞黄 | 97在线碰碰观看免费高清 | 亚洲一区二区中文 | 欧美黄成人免费网站大全 | 国产精品国产三级国产专播 | 在线精品免费视频 | 18年大片免费在线 | 日本三级香港三级人妇 m | 久久久久亚洲香蕉网 | 日本在线免费观看视频 | 国产在线观看免费 | 亚洲欧美国产一区二区三区 | 国产成人精品一区 | 老司机亚洲精品 |