IRVINE, CA-Standard Pacific Corp., a home builder based inIrvine, has reported a profit of $10.7 million in Q2 2010 after aloss of $23.1 million in Q2 2009. The improved Q2 results were dueto better gross margins, increase in average prices of sales, andlesser asset damages.


Standard Pacific's revenue has increased by 9% to $317.2 millionand the average price for homes sold in this quarter is up 18% to$355,000 compared to that of last year. For the full story,go to Orange County Business Journal.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.