U.S. Facilities Corp. posted net income of...

U.S. Facilities Corp. posted net income of $605,000 for the second quarter, contrasted with a loss of $194,000 for the like period last year. Revenue rose 55% to $14.9 million from $9.6 million. For the six-month period, net income rose to $1 million, contrasted with a net loss of $499,000 for the first half of 1988. Revenue increased 58% to $29 million from $18.4 million. The Costa Mesa-based company attributed the improved results to higher reinsurance premiums from its insurance subsidiary, higher fees earned by its US Benefits Inc. subsidiary, and increased investment income.