Koll Management Services Inc.: The Newport Beach...

Koll Management Services Inc.: The Newport Beach real estate management company posted net income of $570,000, or 17 cents a share, for the second quarter, down 11% from the $638,000, or 21 cents a share, reported for the year-earlier second quarter. Revenue for the quarter ended Sept. 30 rose 44%, to $9.8 million from $6.8 million. Net income for the first six months totaled $1.3 million, or 41 cents a share, on revenue of $18.9 million. That compares to net income of $1.2 million, or 42 cents a share, on revenue of $13.3 million for the first half of fiscal 1992. Koll said its second-quarter expenses were due to termination of its proposed Tishman West acquisition, consolidation of operations associated with previous acquisitions, and increases in personnel and systems enhancements.