Imperial Credit Industries Inc.: The Newport Beach...

Imperial Credit Industries Inc.: The Newport Beach parent company of Southern Pacific Thrift & Loan Assn. posted a profit of $8.7 million, or 85 cents a share, for 1994. That was down 53% from earnings of $18.4 million, or $1.79 a share, for the previous 12 months. Revenue rose 3% to $74.8 million from $72.9 million. Fourth-quarter profit dropped 33% to $3.4 million, or 34 cents a share, from $5.1 million, or 50 cents a share. Three-month revenue declined 32% to $14.9 million from $22 million.