Article: TAL International Group Reports 3Q Results.(Financial report)

TAL International Group, a lessor of intermodal freight containers and chassis, reported results for the third quarter ended September 30.

In a release dated November 3, the company stated:

- Adjusted pre-tax income, 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 taxes for a number of years due ...

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