ZIM drops after posting a loss in Q2

Zim Integrated Shipping Services

16/08/2023 12:55

** U.S.-listed shares of ZIM Integrated Shipping Services
 ZIM.N  slide 5.4% to $12.72 premarket after Q2 loss vs. a
profit a year ago
    ** Co posts Q2 loss per share of $1.792 vs profit of $11.07
per share a year ago 
    ** ZIM says Q2 result was impacted due to a non-cash
after-tax item of $51 mln related to the redelivery of some
vessels
    ** Co expects demand to remain subdued for the remainder of
the year 
    ** Up to last close, stock has fallen 22% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))