Independent journal on economy and transport policy
18:24 GMT+1
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ZIM recorded a quarterly increase of +20.3% in revenues thanks to the growth of transported goods and freight
Record results for the Israeli shipping company
November 18, 2020
The substantial increase in turnover is a slight increase of +1.9% in operating expenses at 717 millions of dollars. The values of EBITDA, operating profit and net profit recorded levels never reached in priority, having been equal to 263 million dollars (+131.1%), $189 million (+313.7%) and 144 million dollars (+2,828.4%).
In the first nine months of 2020, revenues amounted to 2.63 billion dollars, up +6.4% over the same period last year. Operating expenses totalled 2.04 billion (-4.1%), EBITDA 503 million (+77.4%), operating profit 283 million million (+160.5%) and net profit of $158 million compared to a net loss of -$14 million in the period January-September 2019.
In the first nine months of this year, the container fleet zim carried 2.04 million teu (-3.5%) and the average rental per container transported was $1,116/teu (+10.8%).
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The substantial increase in turnover is a slight increase of +1.9% in operating expenses at 717 millions of dollars. The values of EBITDA, operating profit and net profit recorded levels never reached in priority, having been equal to 263 million dollars (+131.1%), $189 million (+313.7%) and 144 million dollars (+2,828.4%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
