“Our market environment continues to allow us to achieve a great mix of high utilization, high profitability and strong growth. We have continued to benefit from solid trade growth this year, despite the weak economies in developed countries, and the container supply / demand balance remains in our favor due to our customers’ ongoing reluctance to invest in large numbers of new containers while they are struggling with weak freight rates and high fuel prices. The decrease in our shipping line customers’ direct container purchases is also allowing us to continue to achieve a high rate of investment and growth in a moderate trade growth environment. Through October 24, TAL has purchased over $800 million of new and sale leaseback containers, leading to nearly 18% growth in our revenue earning assets through the end of the third quarter. Roughly three quarters of these containers have been firmly committed to lease transactions, and we expect continued leasing revenue growth in the fourth quarter as our remaining committed containers go on-hire.”Adjusted pre-tax income (1) was $149.6 million for the nine months ended September 30, 2012 compared to $145.7 million for the same period in 2011. Adjusted pre-tax income per fully diluted common share was $4.45 for the nine months ended September 30, 2012 compared to $4.47 for the same period in 2011.
TAL International Group, Inc. Reports Third Quarter 2012 Results And Declares $0.62 Quarterly Dividend
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