Zim Integrated Shipping Services Ltd. posted NIS29 million net profit in 1H

During the first half, average level of freight rates was up by 1.3% and quantity of cargo shipped was up by 13.3%. During that time the company transported TEU 1.138 million

03.09.07 / 00:00

03.09.07

•

During the first half, average level of freight rates was up by 1.3% and quantity of cargo shipped was up by 13.3%. During that time the company transported TEU 1.138 million

Zim Integrated Shipping Services posted a net profit of NIS 29 million for the first half of 2007, compared with a net profit of NIS 197 million for the corresponding period. Revenue for the period totaled NIS 7,055 million compared to NIS 6,632 in the parallel.

A press release issued by the company indicated that the increase in revenue was largely due to an increase in quantity shipped and in the level of freight rates as well as from profits generated by the company's subsidiaries.

During the first half, average level of freight rates was up by 1.3% and quantity of cargo shipped was up by 13.3%.

During the period the company transported TEU 1.138 million compared to TEU 1.004 million in the parallel.