ZIM Q3 net income drops 20% on lower volume

in zim •  2 years ago 

NYSE-listed Israeli carrier ZIM reported a 20 percent decline in net income at $1.2 billion for Q32022 compared to $1.5 billion in Q32021 on lower volume. While average freight rate was up 3 percent to $3,353/TEU, carried volume declined to 842,000 TEUs, down 5 percent, according to an official release. Revenue was up 3 percent at $3.2 billion and EBITDA margin dropped to 60 percent from 66 percent in Q32021.

LUA Post.jpg

zim
2 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    0
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!