Capital Pacific Holdings Inc.: The Newport Beach...
- Share via
Capital Pacific Holdings Inc.: The Newport Beach home building company rebounded in the first quarter to post a profit on a 39% increase in revenue.
Capital Pacific said it had net income of $327,000, or 2 cents a share, for the quarter ended May 31, compared with a net loss of $273,000, or 2 cents a share, a year ago. Revenue rose to $45.9 million from $33.1 million.
The company said the higher revenue was attributable to increased home sales in California, where the company operates under the J.M. Peters Co. Inc. name.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
