OT not a microcap
IPLI.PK $24 VOLUME 6,557 UP $1.95
This company has been accepted for listing for NYSE and will go for it immediately
Source: Interpool, Inc.
Interpool Reports Net Income of $46.6 Million for the First Nine Months of 2004
Wednesday December 29, 8:42 am ET
PRINCETON, N.J.--(BUSINESS WIRE)--Dec. 29, 2004--Interpool, Inc. (IPLI.PK) announced today that the company filed its Form 10-Q report for the quarter ended September 30, 2004 with the Securities and Exchange Commission on December 27, 2004. With this filing, Interpool has filed all required reports with the SEC.
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Interpool reported revenues of $98.8 million for the three months ended September 30, 2004 compared to restated revenues of $95.8 million for the same period of 2003. Net income was $15.8 million for the third quarter of 2004, versus restated net income of $6.5 million for the corresponding quarter of 2003. For the nine months ended September 30, 2004, revenues were $290.4 million compared to restated revenues of $277.2 million for the first nine months of 2003. Net income was $46.6 million for the nine month period, including a gain of $6.3 million ($5.2 million after taxes) associated with the previously announced settlement of an insurance claim related to the bankruptcy of a lessee, versus $30.7 million for the same period last year.
Martin Tuchman, Chairman and Chief Executive Officer, said, "We continue to be pleased with the strong performance of our industry. Utilization rates remain high, for us and for our competitors, and demand for our products remains strong."
Sorry, I tried to post links, but can't do it.
Arnie
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