Q2 23 numbers out: ZIM hammered

Financial risk. Coins falling and Warning label on whitebackgrou

By LoadstarEditorial

16/08/2023

The shares of Israel’s ZIM were down as much as -7.7% to $12.4 in pre-market today in the wake of Q2 23 numbers. Even more value was lost at the end of session.

Revenues were soft, but the big miss was at earnings level.

The group said:

“Net loss for the second quarter was $213 million (compared to net income of $1,336 million in the second quarter of 2022), or a diluted loss per share of $1.792 (compared to diluted earnings per share of ...

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Topics

Zim ZIM Integrated Shipping Services

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