American Pacesetter: The Newport Beach financial services...

American Pacesetter: The Newport Beach financial services company reported net profit of $634,000 for the third quarter, contrasted with net income of $6,000 for the like 1988 period. Revenue increased 42%, to $10 million from $7.1 million. The company posted a loss of $372,000 for the first three quarters of the year, contrasted with a profit of $342,000 for the like period last year. Revenue totaled $26.4 million, 24% higher than the $21.4 million posted a year ago. American Pacesetter owns San Clemente Savings Bank and operates a mortgage banking business through its Windsor Mortgage Co. division.