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Profits fall at TAL during 2Q

August
5

TAL International Group Inc., the Purchase-based company that leases freight containers to shippers, reported net income of $35.8 million, or $1.15 a share, during the second quarter, down from net income of $40.3 million, or $1.23 a share, a year earlier.

Leasing revenues for the second quarter were $79.4 million, up from $77.9 million a year earlier.

Chief Executive Officer Brian M. Sondey said that business conditions remain challenging. But he added that the downward pressure on the shipping industry from excess container supplies has started to moderate.

This entry was posted on Wednesday, August 5th, 2009 at 2:21 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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