- Southwest Water Co.

, an L.A.-based water production and distribution company, reported a net loss of $1.7 million (9 cents per diluted share) for the second quarter ended June 30, compared with net income of $2.6 million (14 cents) for the like period a year ago. Revenues rose 18 percent to $51.3 million from $43.4 million in the year-ago period.


Second-quarter results included a $4.8 million loss resulting from the sale of Master Tek International Inc., a subsidiary that provided billing and collection services for multi-family residential properties.


The company expects full-year revenues of $195 million and net income from continuing operations of $7.5 million.


- Reading International , an L.A.-based owner and developer of multiplex cinemas, reported net income of $10.5 million (48 cents per diluted share) for the second quarter ended June 30, compared with a loss of $584,000 (3 cents) for the like period a year ago. Revenues rose to $24.9 million from $20 million in the year-ago period.


- Crown Media Holdings Inc. , a Studio City-based owner and operator of pay television channels, reported a net loss of $56.3 million (54 cents per diluted share) for the second quarter ended June 30, compared with a loss of $40.6 million (39 cents) for the like period a year ago. Revenues rose 50 percent to $45.7 million from $30.4 million in the year-ago period.


- Aames Investment Corp. , an L.A.-based mortgage real estate investment trust, reported a net loss of $22.6 million (37 cents per diluted share) during the second quarter ended June 30, compared with income of $24 million (24 cents) for the same period a year earlier. Interest income during the quarter rose to $74.9 million from $19.3 million.


The company had a provision for loan losses of $11.9 million, versus no provision a year earlier. Total assets rose to $4.5 billion on June 30 from $2.4 billion on Dec. 31.


& #8226; IMPCO Technologies Inc. , a Cerritos-based manufacturer of alternative fuel products and systems, reported net income of $1.2 million (4 cents per diluted share) for the second quarter ended June 30, compared with $984,000 (5 cents) for the like period a year ago. Revenues rose 49.7 percent to $48.6 million from $32.5 million in the year-ago period.

For reprint and licensing requests for this article, CLICK HERE.