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Zim delivers a small 2015 profit after recent deficits

Israeli carrier Zim managed to report small earnings in 2015, after a tough fourth quarter almost wiped the profits from the year's other quarters, writes Alphaliner.

Photo: Zim Integrated Shipping Services

Several years of deficit have now been reversed at the Israeli container carrier Zim, which in 2015 reached its goal of achieving a profit – albeit a small profit, notes Alphaliner. Net profit landed at USD two million against a loss of USD 205 million in 2014. The carrier successfully reported profits for the majority of 2015, but in the fourth quarter the positive trend came to a halt with a reported deficit of USD 30 million.

The fourth quarter alone is the reason for the low profit for the whole of 2015, notes the analyst firm.

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