Imperial Credit Industries Inc.: The Newport Beach...
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Imperial Credit Industries Inc.: The Newport Beach parent company of Southern Pacific Thrift & Loan Assn. posted a second-quarter profit of $759,631, or 7 cents a share. That was down from earnings of $4.6 million, or 46 cents a share, for the same period a year earlier. Revenue rose 20% to $19.3 million from $16.1 million. For the first half, profit totaled $1.1 million, or 11 cents a share, compared to earnings of $6.9 million, or 68 cents a share, for the same period a year earlier. Six-month revenue was 29% higher, reaching $36 million from $27.9 million.
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