American Pacesetter Reports $619,000 Gain
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American Pacesetter reported a net gain of $619,000, for the first quarter, compared with a loss of $294,000 a year earlier. Revenue for the period of $19.1 million was up 41% from $13.9 million for the first quarter of 1986.
The Newport Beach-based firm is the parent company for Pacesetter Homes Inc., developer of a residential homes and commercial and industrial projects, and San Clemente Savings and Loan.
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