IRVINE, CA-Standard Pacific Corp., a home builder based in Irvine, has reported a profit of $10.7 million in Q2 2010 after a loss of $23.1 million in Q2 2009. The improved Q2 results were due to better gross margins, increase in average prices of sales, and lesser asset damages.

Standard Pacific's revenue has increased by 9% to $317.2 million and 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.

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