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CIT posts profit as interest payments fall
2013年7月23日 / 上午10点37分 / 4 年前

CIT posts profit as interest payments fall

July 23 (Reuters) - CIT Group Inc reported a second-quarter profit compared with a loss a year earlier as the small-business lender spent less to cover interest payment on long-term debts.

Net income was $183.6 million, or 91 cents per share, for the quarter ended June 30, compared with a loss of $72.9 million, or 36 cents per share, a year earlier.

The New York-based lender’s interest payments on its long-term debt fell 60 percent to $236.6 million.

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