Pac Rim Reports Drop in 2nd-Quarter Earnings
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Pac Rim Holding Corp., a Woodland Hills workers’ compensation insurer, reported a 69% decline in its second-quarter earnings, to $101,000 from $322,000 a year earlier.
Its revenue in the three months that ended June 30 rose 5%, to $24.2 million from $23 million.
Pac Rim lost $440,000 in the first half of 1996, compared to a profit of $1.34 million a year before. Its six-month revenue was $45 million, a 4% increase from its $43.4 million in revenue in the 1995 period.
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