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Zim maintains positive result in second quarter

Israeli container carrier Zim managed to hold onto its profit from the first quarter and stay in the black into the second quarter after a comprehensive restructuring.

Zim has managed to stay in the black after tough years with deficits on the bottom line. This is reflected in the interim report for the second quarter.

The container carrier achieved a net income in the second quarter of USD 23 million, which is an improvement from the loss of USD 50 million in the same period 2014. Revenue did not keep up with the growth however, and landed at USD 763 million in the second quarter this year compared to USD 875 million in the same period last year.

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