Pimco Advisors L.P.: The Newport Beach investment...

Pimco Advisors L.P.: The Newport Beach investment management organization said net income for the second quarter was a record $27.4 million, or 34 cents per Class A limited partner and general partner unit, up 15% from the $23.8 million, or 33 cents a share, a year ago. Revenue increased 17% to $115.8 million from $98.8 million. First-half net income totaled $50.6 million, or 66 cents a unit, 17% higher than the $43.2 million, or 64 cents a share, for the comparable 1996 period. Revenue gained 15% to $219.1 million from $190.1 million.