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Fiscal 2016 Highlights

1. Profit attributable to Owners of the Company increased by 9.39% to HK$300.5 million
2. Operating margin improved to 9.0%
3. Earnings per share was HK24.57 cents
4. Total revenue in Hong Kong dollar term declined very slightly by 1.73%, largely attributed to currency exchange
5. Full Year Dividend HK17 cents representing Payout Ratio of 69.2%

(Hong Kong, 20 January 2017) Pico Far East Holdings Limited (“Pico”, “the Company” or “the Group”, HKEx: 752), a leading global Total Brand Activation company, today announced its 2016 annual results for the 12 months ended 31 October 2016 (“the year”).

Profit for the year attributable to Owners of the Company improved by 9.39% to HK$300.5 million (2015: HK$274.7 million). Our operating margin improved to 9.0% (2015: 8.05%) and earnings per share was HK24.57 cents (2015: HK22.54 cents).

Total revenue in Hong Kong dollar term declined very slightly by about 1.73% to HK$4,143 million (2015: HK$4,216 million). This can be attributed, to a large extent, to the lower exchange rates of many currencies into our stronger reporting currency, the Hong Kong dollars.

The Directors now recommend the payment of a final dividend of HK7.5 cents and a special dividend of HK5.0 cents (2015: a final dividend of HK6.5 cents and a special dividend of HK3.0 cents) per ordinary share. Together with the interim dividend of HK4.5 cents (2015: HK4.5 cents) per ordinary share, total dividend for the year amounted to HK17.0 cents (2015: HK14.0 cents) per ordinary share.

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Mr Lawrence Chia, Chairman of Pico, said: “In a challenging economic and geopolitical climate, our clients demand both value for money and an optimal return on every dollar of their investment. Our evolving ‘Pico’ and ‘Pico+’ business model aims to cater to this demand. While each of our specialised business segments will continue to expand their service offerings by bringing in new technologies and innovative ideas, each and every segment will also prioritise ‘going digital’ to complete the spatial and virtual environment and capture round-the-clock moments for our clients’ target audiences.”

“Despite the on-going uncertain global business and economic sentiment, I am confident that the Group is well-positioned to achieve further success in the coming year.”

Full announcement is available at http://www.pico.com/en/investor/announcement.php

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 over 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 exhibitions, events and world expositions to retail and branded environments, museums and themed environments, to visual identity solutions, sports marketing and overlays, venue management and consultation.

For every consecutive year from 2014 to 2016, CEI Asia magazine has voted Pico into the top two on its Best Event Agency in Asia Pacific list. Pico was a Bronze award winner in the B2B Agency category at Marketing magazine’s 2016 Agency of the Year Awards in Hong Kong. In North America, Pico was listed as one of Special Events magazine’s 50 Top Event Companies from 2012 to 2016.

Pico Far East Holdings Limited has been listed 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).