Sharp rise in global transportation prices led to a yearly profit of $ 4.65 billion - 787% increase

Posted on Mar 9, 2022 by Ifi Reporter

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million in 2020.
Zim is controlled by Idan Ofer's Canon holding company - the company ended the fourth quarter with a net profit of $ 1.71 billion, compared to only $ 366 million in the corresponding quarter - an increase of 366%.
The average transport price per container in 2021 was $ 2,786, an increase of 127% compared to the year before. The average price climbed to $ 3,630 in the fourth quarter, a jump of 139% compared to the year before.
Zim's annual revenue totaled $ 10.73 billion, up 169% from 2020. Revenue in the fourth quarter grew to $ 3.47 billion, a jump of 155% compared to the same quarter last year.
The company ended 2021 with an operating profit of $ 5.82 billion, a jump of 706% compared to 2020. Operating income in the fourth quarter rose 382% to $ 2.12 billion.
Adjusted annual EBITDA in 2021 climbed 537% to $ 6.60 billion. Adjusted EBITDA for the fourth quarter was $ 2.36 billion, an increase of 345% over the same quarter in 2020.


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

The "Vita Fruit HaGalil" factory in Hazor HaGalil is facing imminent closure

May 7, 2024 by Ifi Reporter

The "Vita Fruit HaGalil" factory in Hazor HaGalil is facing imminent closure, dealing a blow to the northern region's economy. Despite efforts by the Economic Committee and the Histadrut to salvage the factory, it has seen layoffs and dwindling production, primarily focusing on... Continue reading →

An Israeli-Jewish businessman was murdered in Egypt

May 7, 2024 by Ifi Reporter

Egypt reported this evening (Tuesday) about an Israeli-Jewish businessman who was apparently murdered in the city of Alexandria in the north of the country. According to the reports in the local media, the murdered man's name is Ziv Kiefer. At the moment, it is not clear if the background... Continue reading →

Cybersecurity Giant Cyber Wiz Raises Record-Breaking $1 Billion in Funding

May 7, 2024 by Ifi Reporter

Cybersecurity firm Cyber Wiz (WIZ) has made headlines with its recent fundraising round, securing an impressive $1 billion at a valuation of $12 billion. The fundraising effort included a secondary component of tens of millions of dollars, led by prominent American investment funds Andreesen... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.