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July 27, 1994

AT&T CAPITAL PROSPERS AS BAD DEBT PROVISIONS GO DOWN

By CBR Staff Writer

Morristown, New Jersey-based AT&T Capital Corp, AT&T Corp’s leasing arm, announced second quarter profits of $18.9m, up 37% from the same quarter in 1993. For the six months, net profit grew to $34.7m, a 36% rise. The company says the results reflect increased revenue as well as improved credit performance in most of its business units: We continue to grow our business and expand our relationships with customers around the world, which affirms our company mission: to become the strategic partner of choice for equipment leasing and financing services worldwide.The provision for credit losses decreased by $10.1m or 30%, and second quarter turnover after depreciation rose by 10% to $254.3m, it reports.

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