Pelikan International Corp Bhd's pre-tax profit for financial year ended Dec 31, 2010 rose to RM167.626 million from
RM50.143 million in the same period of 2009.

Revenue increased to RM1.787 billion from RM1.202 billion previously, it said in a filing to Bursa Malaysia today.

For the fourth quarter ended Dec 31, 2010, its pre-tax loss was reduced to RM597,000 from RM10.243 million in the same quarter 2009.

Its revenue, however, increased to RM487.828 million from RM261.300 million previously as a result of the full consolidation of the newly-acquired Herlitz
business.

Pelikan said the group did not expect significant improvement in turnover this year. -- Bernama