July 23 | Tue Jul 23, 2013 6:36am EDT
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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