American Pacesetter Reports $619,000 Gain

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.