ZIM Integrated Shipping falls after posting Q4 loss vs year-ago profit

Zim Integrated Shipping Services

13/03/2024 14:57

(Updates)
    **  U.S.-listed shares of Israeli shipping company ZIM
Integrated Shipping Services  ZIM.N   2SV.F  down 13.1% at
$10.13 
    ** Co posts Q4 net loss of $146.6 mln vs net profit of
$416.5 mln in Q4 2022
    ** Reports Q4 total revenues of $1.21 bln vs $2.19 bln in Q4
2022
    ** Posts Q4 operating loss of $54 mln vs operating income of
$585 mln in Q4 2022
    ** Including session losses, ZIM up ~2% YTD

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))