Through organic growth and the purchase of a stake in Textainer, Trencor has recorded a steady growth in revenue over the past five years, from R4.6 billion to more than R9 billion. Tough market conditions have however weighed heavily on profits and Trencor share price performance, with the container industry facing extremely challenging times. Financial data for the first six months of 2016 indicated a 228% drop in operating profit, from R1 billion to a loss of R1.3 billion. This included depreciation required by International Financial Reporting Standards (IFRS) and impairment of receivables from major customer the Hanjin Shipping Company. There has also been an impact from the effect of foreign exchange losses, which contributed to a headline loss per share of 324.1 cents. In line with this, shareholders received no dividends for the interim period.