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1. Turnover increased 10.0% to HK$4,216 million
2. EBITDA increased 14.6% to HK$404.4 million
3. Profit for the year increased 16.3% to HK$280.8 million
4. Profit attributable to Owners of the Company increased by 14.2% to HK$274.7 million
5. Full Year Dividend HK14.0 cents Representing Payout Ratio of 62.1%

 (Hong Kong, 25 January 2016) Pico Far East Holdings Limited (“Pico”, “the Company” or “the Group”, HKEx: 00752), a leading global Total Brand Activation company, today announced its 2015 annual results for the 12 months ended 31 October 2015 (the “year”).

During the year, Pico recorded a turnover of HK$4,216 million (2014: HK$3,833 million), increased by 10.0% compared with the previous corresponding period. Profit attributable to Owners of the Company increased by 14.2% to HK$274.7 million (2014: HK$240.5 million). As Pico operates in a number of countries with currencies which weakened against our reporting currency, total turnover and other earning metrics would have increased by around 3% if exchange rate depreciation were eliminated.

The Board of Directors recommended a final dividend of HK6.5 cents and a special dividend of HK3.0 cents per ordinary share respectively. Altogether, the full year dividend is HK14.0 cents per ordinary share, representing 62.1% of the earnings per share.

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Mr. Lawrence Chia, the chairman and CEO of Pico, said, “We started the year on an upbeat note and applied ourselves diligently throughout the year, achieving robust growth across the board.”

“The recent volatility in the global commodities and financial market continues to hang over general business sentiment. The business environment we will face in 2016 will not be any easier than the last year. Under this uncertain business climate, we will continue to maintain our service offerings and be innovative and leverage on our unique strengths in production and our knowledge of technology and digital media to stay ahead of the competition whilst being remaining vigilant at all times to business opportunities.”

“Pico will also continue to proactively address our clients' marketing efforts and help them succeed in traditional sectors, as well as in the omni-channel market and the digital world. We will continue to research, learn and create in order to retain our position at the forefront of the industry. By remaining on the cutting edge, we will be best placed to identify new trends and deliver outstanding services and the most optimal returns to our clients.”

About Pico Far East Holdings Limited

Pico is a leading Total Brand Activation company with a worldwide presence and a proven track record nearly half a century long. Leveraging on an international network of approximately 2,000 staff in nearly 40 major cities around the globe, we have built an impressive portfolio and a worldwide reputation for creating integrated and powerful brand experiences across multiple activation platforms — from world expos, exhibitions and events; to retail and branded environments, museums and themed environments, visual identity solutions, sports marketing and overlays, venue management and consultation. In 2015, Pico was voted Asia Pacific’s Best Event Agency by CEI Asia magazine's CEI Industry Excellence in Business Events survey and won Gold in the B2B Agency category at Marketing Magazine’s Agency of the Year Awards in Hong Kong. In North America, Pico was ranked in the top three, in terms of annual revenue forecast from special events, in Special Events Magazine’s 50 Top Event Companies listings for four consecutive years from 2012 to 2015.

Pico Far East Holdings Limited has been listing on the Stock Exchange of Hong Kong since 1992 (HKEx Stock Code: 752). Our associate company, Pico (Thailand) Public Company Limited was also listed on Thailand's MAI in 2004 (Stock Code: PICO).