PICO FAR EAST (00752.HK) announced on June 28th that it achieved a revenue of HKD 2.942 billion, an increase of 18% year-on-year, and a gross profit of HKD 0.872 billion, an increase of 24.1% year-on-year, for the six months ended April 30, 2024. Shareholders of the company had a net profit of HKD 0.192 billion, an increase of 90% year-on-year, and basic earnings per share were 15.47 cents. The board of directors recommends a mid-term dividend of 5.5 Hong Kong cents per ordinary share.
The announcement stated that with the slowdown of global inflation and the maintenance of economic growth, the Group successfully responded to the economic challenges of the first half of this fiscal year. With the Group's integrated brand experience framework and the "Content, Community, Creativity and Data" strategy, the Group is ready to implement a comprehensive cross-platform activation plan that integrates data and digital elements, thus establishing a significant advantage in an increasingly competitive environment.
