Pelikan sees return to profitability by 2016

Loo:

SUBANG JAYA: Having undergone a lengthy period of streamlining its European assets, loss-making Pelikan International Corp Bhd now expects its business to return to profitability by 2016.

“We believe we will resolve all the challenges we are facing by next year,” Pelikan president and chief executive officer Loo Hooi Keat told reporters after the company’s AGM.