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Zim Has Record Loss

After record profits during COVID and the immediate aftermath Zim this quarter had this year record losses.

ï Net loss for the third quarter was $2,270 million (compared to net income of $1,166 million in the third quarter of 2022), or a diluted loss per share of $18.904 (compared to diluted earnings per share of $9.66 in the third quarter of 2022). Net loss for the quarter was primarily driven by a non-cash impairment loss of $2,063 million 

• Adjusted EBITDA for the third quarter was $211 million, a year-over-year decrease of 89% 

• Operating loss (EBIT) for the third quarter was $2,276 million, compared to operating income of $1,544 million in the third quarter of 2022 

• Adjusted EBIT loss for the third quarter was $213 million, compared to Adjusted EBIT of $1,554 million in the third quarter of 2022 

• Revenues for the third quarter were $1,273 million, a year-over-year decrease of 61% 

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