American Pacific Suffers $4 Million Loss in Quarter

American Pacific Corp. Tuesday announced a $4.1 million loss for its third fiscal quarter ended June 30, compared to a $393,000 loss for the same quarter a year ago.

The firm posted third quarter revenues of $11.7 million, down nearly 50% from $22.2 million in the third quarter of fiscal 1984.

At the same time, the company said its board of directors had approved a previously announced plan to cut future losses by selling its unprofitable real estate business to a corporation wholly owned by the company’s chairman, John E. Wertin, and retaining its chemical manufacturing operations. Under the plan, Wertin would obtain American Pacific’s real estate interests in exchange for his 47% stock interest in the company.

American Pacific vice president Paul L. Winther said he hoped the splitting away of the real estate enterprises, including financial services, would enable the company to show a profit in its next fiscal year.

For the first nine months of fiscal 1985, the company recorded a loss from continuing operations of $3 million, compared to a $370,000 loss for the same period in fiscal 1984. The company’s net loss for the same period was $5.7 million, compared with a net loss of $1.3 million a year before. Revenues for the first three quarters of the present fiscal year totalled $49.6 million, compared to $56 million in the year ago period.