Pacesetter Business Properties: The Newport Beach company...

Pacesetter Business Properties: The Newport Beach company reported a profit of $963,000, or 62 cents a share, for its second fiscal quarter, which ended Sept. 30. That contrasted with a loss of $544,000, or 35 cents a share, for the corresponding 1991 period. The 1992 figure included an adjustment of $1.3 million to reduce accrued liabilities. Revenue for the latest quarter declined 59% to $1.3 million from $2.7 million. For its fiscal first half, the company posted income of $114,000, or 7 cents a share, on revenue of $4.9 million. That compared to a loss of $1.4 million, or 89 cents a share, on revenue of $5.3 million for the first six months a year earlier.