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25.05 12:21:54

Pelikan International looks to developing markets - Malaysia

Pelikan International Corp has doubled its pre-tax profit to RM8.647 million (2.2 million euros) in the first quarter ended March 31, 2012.

According to the Business Times, revenue declined to RM417.523 million (105.4 million euros) from RM460.75 million as the company continued to streamline its products and eliminate non-profitable business segments/products from its products assortments, resulting in lower revenue especially in the printer consumable segment.

The company anticipates a challenging quarter ahead especially in the European market. Pelikan says it is continuing its efforts to developing markets outside Europe especially in regions such as Latin America and Asia which have good growth prospects.


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