ZIM Integrated Shipping falls on weak Q4 results

Zim Integrated Shipping Services

13/03/2024 13:29

**  U.S.-listed shares of Israeli shipping company ZIM
Integrated Shipping Services  ZIM.N ,  2SV.F  down 6.1% at
$10.94 premarket
    ** Company posts Q4 loss, hurt by reduction in operating
income due to a drop in revenue
    ** 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
    ** Up to last close, ZIM up ~18% YTD

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