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

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.