Independent journal on economy and transport policy
04:50 GMT+1
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Zim has closed the third trimester with a net loss of -6,6 million dollars
The fleet of the company has transported 730 thousand container (+6.1%)
November 15, 2018
The economic budget of the third trimester of this year of the company of Israeli navigation Zim accusation the impact of a bending of the hires, that it has limited the increment of the revenues produced from the increase of transported containerized cargos from the fleet, and of an increase of the costs, between which that in continuous increase of the fuel.
In the period July-september of the 2018 fleet of the company has transported goods in container for a total pairs to 730 thousand teu, with a rise of +6.1% on the same period last year, and the medium revenue for transported container has been of 1.006 dollars/teu, with a decrease of -4,9%. Altogether in the period the revenues of the Zim are piled to 840,7 million dollars (+2.9%), while the costs have totaled 768,3 million dollars (+10.0%). The EBIDTA has recorded a contraction of the -47,0% attesting itself to 44,3 million dollars and the operating profit is dropped of the -70,2% to 16,1 million dollars. Zim has closed the third trimester of this year with a net loss of -6,6 million dollars respect to a profit clearly of 25,2 million dollars in the correspondent period of 2017.
In the first nine months of the 2018 fleet it has transported total containerized cargos for 2,2 million teu, with a progression of +13.1% on the same period last year, while the medium revenue for transported container is diminished of the -5,8% to 950 dollars/teu. The total of the revenues has turned out pairs to 2,39 billion dollars (+8.0%), while the costs are piled to 2,22 billion dollars (+15.8%). The EBITDA has been of 78,6 million dollars (- 60.2%). Operating result and result clearly have been both of sign negative and pairs respective to -4,8% million and -73,9 million dollars against results of positive sign for 114,8 million and 21,1 million dollars in the first nine months of 2017.
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The economic budget of the third trimester of this year of the company of Israeli navigation Zim accusation the impact of a bending of the hires, that it has limited the increment of the revenues produced from the increase of transported containerized cargos from the fleet, and of an increase of the costs, between which that in continuous increase of the fuel.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
