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Article: TAL International Group, Inc. Reports Third Quarter 2009 Results.
- Article from:
- Business Wire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PURCHASE, N.Y. -- TAL International Group, Inc. (NYSE: TAL), one of the world's largest lessors of intermodal freight containers and chassis, today reported results for the third quarter and nine months ended September 30, 2009.
Adjusted pre-tax income (1), excluding unrealized gains / losses on interest rate swaps, was $11.9 million in the third quarter of 2009, compared to $29.9 million in the third quarter of 2008. The Company focuses on adjusted pre-tax results since it considers unrealized gains / losses on interest rate swaps and gains on debt extinguishment to be unrelated to operating performance and since it does not expect to pay any significant income ...