Light at the end of tunnel for Reliance Pacific?

KUALA LUMPUR: Reliance Pacific Bhd, which recorded two years of quarterly losses could be seeing light at the end of a tunnel following the emergence of two new substantial shareholders and some changes in key management.

While it continued to be in the red in terms of profit attributable to shareholders (a loss of RM226,000), the tourism-based company managed to churn out a small profit before tax (PBT) of RM557,000 in the fourth quarter ended March 31, 2017.