Independent journal on economy and transport policy
07:08 GMT+1
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ZIM has concluded the third trimester of this year with a profit clearly of 4,9 million dollars
Stable the revenues. Operating costs down of -8,4%
November 20, 2019
In the third trimester of the 2019 revenues of the company of Israeli navigation ZIM generated from the activity of containerized marine transport of its fleet and from the activities correlated have turned out stable regarding the same period last year being piled to 841,9 million dollars. Almost stable also the transported containerized cargo volumes from the portacontainer of the company that have been pairs to 725 thousand teu (- 0.7%), with a medium hire for transported container that it has turned out of 1.009 dollars/teu (+0.3%). Considerably diminished the operating costs that have been attested to 703,6 million dollars (- 8.4%). The EBITDA has been pairs to 115,0 million dollars (+159.6%), the operating profit to 45,6 million dollars (+184.3%) and the profit clearly to 4,9 million dollars respect to a net loss of -6,6 million dollars in the period July-september of 2018.
In the first nine months of this year the fleet of the ZIM has transported container for a total of beyond 2,1 million teu, with a decrease of the -3,5% on the correspondent period of 2018, and the transported medium hire for teu has been of 1.007 dollars (+6.0%). Such activity has produced to revenues pairs almost 2,5 billion dollars (+3.2%). The operating costs have totaled 2,1 billion dollars, with a mainly generated bending of the -4,4% from the reduction of the -27,7% of the costs for the purchase of the combustible bunker that have been pairs to 112,2 million, of the -28,4% of the attested harbour costs to 60,9 million dollars and of the -8,9% of the commission for the marine agencies that have totaled 10,9 million dollars, partially balanced decreases from the increases of +5.2% of the costs for handling of cargos (53,1 million) and +10.7% of the costs for the chartering of ships and of the containers (39,6 million). On the decrease a reduction of 113,9 million dollars correlated to the implementation of new accounting principles IFRS 16 has had also a positive effect. The EBITDA has been pairs to 285,0 million dollars (+262.6%) and the operating profit to 108,4 million respect to a sign result negative for -0,6 million dollars in the period January-september last year. ZIM has closed the first nine months of the 2019 with a net loss of -14,2 million dollars respect to a net loss of -73,9 million dollars in the same period of 2018.
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In the third trimester of the 2019 revenues of the company of Israeli navigation ZIM generated from the activity of containerized marine transport of its fleet and from the activities correlated have turned out stable regarding the same period last year being piled to 841,9 million dollars. Almost stable also the transported containerized cargo volumes from the portacontainer of the company that have been pairs to 725 thousand teu (- 0.7%), with a medium hire for transported container that it has turned out of 1.009 dollars/teu (+0.3%). Considerably diminished the operating costs that have been attested to 703,6 million dollars (- 8.4%). The EBITDA has been pairs to 115,0 million dollars (+159.6%), the operating profit to 45,6 million dollars (+184.3%) and the profit clearly to 4,9 million dollars respect to a net loss of -6,6 million dollars in the period July-september of 2018.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
