Imperial Credit Takes $2-Million Pretax Charge

Imperial Credit Industries Inc., a Newport Beach mortgage banking company, said Monday that it revised its results for the 1994 fourth quarter and the year to reflect a $2-million pretax charge to establish certain allowances for potential operating losses. The company revised its fourth-quarter profit to $2.3 million, or 22 cents a share, from the previously reported $3.4 million, or 34 cents a share. Profit for the year was revised to $7.5 million, or 74 cents a share, from $8.7 million, or 85 cents a share.