Pac Rim Reports Profit of $1.02 Million for Quarter

Pac Rim Holding Corp. of Woodland Hills posted a profit of $1.02 million during the first quarter that ended March 31, compared to a net loss of $1.08 million in the same quarter a year earlier.

Revenues in the first quarter totaled $20.3 million, down nearly 14% from $23.6 million in the first quarter of 1994.

Pac Rim, through its subsidiary, the Pacific Rim Assurance Co., writes workers’ compensation insurance.