Textainer writes off 2,000 'lost' boxes, taking a $4.7m hit in its Q3 results

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The world’s biggest container lessor, Textainer, has lost more than 2,000 containers in China over the past year, in areas where “recovery is not economical”, which led to a $4.7m impairment in its accounts for the third quarter.

Textainer’s net profit for the first nine months of the year was down 6.2% on the same period of 2012, at $137.2m, although revenues were up 8.8% at $391.5m.

In the third quarter, lease rental income grew by a massive 21% on Q3 a ...