{"id":1739,"date":"2023-11-15T15:59:16","date_gmt":"2023-11-15T15:59:16","guid":{"rendered":"https:\/\/digitone.news\/?p=1739"},"modified":"2023-11-15T15:59:17","modified_gmt":"2023-11-15T15:59:17","slug":"zim-has-record-loss","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2023\/11\/15\/zim-has-record-loss\/","title":{"rendered":"Zim Has Record Loss"},"content":{"rendered":"\n<p>After record profits during COVID and the immediate aftermath Zim this quarter had this year record losses.<\/p>\n\n\n\n<p>\u00ef 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&nbsp;<\/p>\n\n\n\n<p>\u2022 Adjusted EBITDA for the third quarter was $211 million, a year-over-year decrease of 89%&nbsp;<\/p>\n\n\n\n<p>\u2022 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&nbsp;<\/p>\n\n\n\n<p>\u2022 Adjusted EBIT loss for the third quarter was $213 million, compared to Adjusted EBIT of $1,554 million in the third quarter of 2022&nbsp;<\/p>\n\n\n\n<p>\u2022 Revenues for the third quarter were $1,273 million, a year-over-year decrease of 61%&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1008\" height=\"566\" src=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/11\/ZIM-SAMMY-OFER-IN-PANAMA-CANAL-2.jpg\" alt=\"\" class=\"wp-image-1740\" srcset=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/11\/ZIM-SAMMY-OFER-IN-PANAMA-CANAL-2.jpg 1008w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/11\/ZIM-SAMMY-OFER-IN-PANAMA-CANAL-2-300x168.jpg 300w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/11\/ZIM-SAMMY-OFER-IN-PANAMA-CANAL-2-768x431.jpg 768w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/11\/ZIM-SAMMY-OFER-IN-PANAMA-CANAL-2-150x84.jpg 150w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/11\/ZIM-SAMMY-OFER-IN-PANAMA-CANAL-2-696x391.jpg 696w\" sizes=\"auto, (max-width: 1008px) 100vw, 1008px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>After record profits during COVID and the immediate aftermath Zim this quarter had this year record losses. \u00ef 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,41],"tags":[],"class_list":{"0":"post-1739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-finance"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=1739"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1739\/revisions"}],"predecessor-version":[{"id":1741,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1739\/revisions\/1741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/1740"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=1739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=1739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=1739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}