Israeli flag carrier zim Integrated Shipping posted a year-on-year 80 per cent operating profit to US$2.53 billion in 2024, reversing an operating loss of $2.51 billion, with 2024 revenues increasing 63 per cent to $8.43 billion.
For Q4 2024, ZIM reported a net income of US$563 million, a sharp turnaround from the $147 million net loss in Q4 2023.
Diluted earnings per share stood at $4.664, compared to a diluted loss per share of $1.23 in the same quarter the previous year.
Operating income (EBIT) surged to $658 million, reversing a $54 million operating loss in Q4 2023. Adjusted EBITDA for the quarter reached $967 million.
Revenue for the period was $2.17 billion, reflecting a 409 per cent increase year-over-year.
For 2024, adjusted EBITDA totalled $3.69 billion, marking a 252 per cent year on year rise.
Container volumes also saw substantial growth, with Q4 2024 carried volume reaching 982 million TEU, a 25 per cent increase.
Total volume for the year was 3.75 billion TEU, reflecting a 14 per cent rise.
SeaNews Turkey
For Q4 2024, ZIM reported a net income of US$563 million, a sharp turnaround from the $147 million net loss in Q4 2023.
Diluted earnings per share stood at $4.664, compared to a diluted loss per share of $1.23 in the same quarter the previous year.
Operating income (EBIT) surged to $658 million, reversing a $54 million operating loss in Q4 2023. Adjusted EBITDA for the quarter reached $967 million.
Revenue for the period was $2.17 billion, reflecting a 409 per cent increase year-over-year.
For 2024, adjusted EBITDA totalled $3.69 billion, marking a 252 per cent year on year rise.
Container volumes also saw substantial growth, with Q4 2024 carried volume reaching 982 million TEU, a 25 per cent increase.
Total volume for the year was 3.75 billion TEU, reflecting a 14 per cent rise.
SeaNews Turkey
