Imperial Credit Industries Inc.: The Newport Beach...
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Imperial Credit Industries Inc.: The Newport Beach company said net income for the first quarter rose 91% from the year-earlier period, to $1.8 million, equal to 29 cents a share, from $944,000. Revenue increased 84%, to $6.8 million from $3.7 million. The company said the gains in both profit and revenue resulted from increased mortgage-loan originations and continued growth of the loan-servicing portfolio.
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