Pico pays price of crisis

Exhibition and museum exhibit design firm Pico Far East Holdings said the decline in value of Southeast Asian currencies has depressed attributable profit to $12.8 million for the six months to April 30, compared with $44 million last year. Turnover fell to $559 million from $623 million, while earnings per share fell to 2.58 cents from 9.77 cents per share. It will not pay shareholders an interim dividend.