Capital Pacific Holdings Inc.: The Newport Beach...

Capital Pacific Holdings Inc.: The Newport Beach home-building company, benefiting from an improving real estate market, reported profit of $2.1 million, or 14 cents a share, for the second fiscal quarter ended Aug. 31, contrasted with a net loss of $226,000, or 2 cents a share, for the same period last year. Revenue more than doubled to $64.4 million from $28.4 million. First half net income totaled $2.4 million, or 16 cents a share, contrasted with a year-earlier net loss of $499,000, or 3 cents a share. Revenue was up 79% to $110.3 million from $61.6 million.