Tal reports profit
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- May
- 8
Tal International Group Inc., a Purchase company that leases containers used to carry freight, earned $11.1 million, or 33 cents a share, during the first quarter, an increase over the $9.5 million, or 28 cents a share, the company made during the first quarter of last year. Revenues were $79.6 million, compared with $74.6 million last year. The company also said its pre-tax income was $17.3 million, up from $14.7 million. Tal said it considers pre-tax results important because the company does not expect to pay much in income tax for years due its ability to claim certain breaks. Brian M. Sondey, the president and chief executive of the company, said the first quarter is usually Tal’s weakest but a strong finish to 2006 seemed to carry over into the start of 2007.
This entry was posted
on Tuesday, May 8th, 2007 at 4:18 pm by Allan Drury.
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Category: Earnings season, Uncategorized
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