Zim Integrated Shipping Services Ltd. (ZIM) stock soars during current market trading. Here’s to why?

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SQM Stock
SQM Stock

Zim Integrated Shipping Services Ltd. (NASDAQ: ZIM) stock gains by 7.43% in the current market trading session. ZIM Integrated Shipping Services is an international, asset-light container liner shipping firm that has market-leading positions.

ZIM stock’ Financial Outcomes

Following are the second quarter of 2021 financial results reported by ZIM Integrated.


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  • For the second quarter of 2021 net revenues were $2.38 billion, up from $795 million in the second quarter of 2020, owing to an increase in containerized cargo revenues, which reflected increases in freight rates and carried volume.
  • In the second quarter of 2021, operating income (EBIT) was $1.16 billion, up from $69 million in the same period of 2020.
  • The second quarter of 2021 brought in $888 million in net income, compared to $25 million in the same period of 2020. A $224 million tax expenditure was included in the quarter’s net income.
  • In the second quarter of 2021, adjusted EBITDA was $1.34 billion, up from $145 million in the second quarter of 2020. In the second quarter of 2021, adjusted EBIT was $1.16 billion, relative to $73 million in the second quarter of 2020.
  • In the second quarter of 2021, net cash generated from operational operations was $1.18 billion, compared to $120 million in the second quarter of 2020.

First half 2021 Financial Highlights

  • For the first half of 2021 revenues were $4.13 billion, up from $1.62 billion in the first half of 2020, owing to the rise in containerized cargo revenues, which reflected improvements in freight rates as well as carried volume.
  • For the first half of 2021, operating income (EBIT) was $1.84 billion which is an increase from $94 million in the first half of 2020.
  • In the first half of 2021, net income was $1.48 billion, up from $13 million in the first half of 2020. A $278 million tax charge was included in the first half of 2021’s net income.
  • In the first half of 2021, adjusted EBITDA was $2.16 billion, up from $242 million in the first half of 2020. In the first half of 2021, adjusted EBIT was $1.85 billion, up from $100 million in the first half of 2020.
  • In the first half of 2021, net cash generated from operational operations was $1.96 billion, compared to $221 million in the first half of 2020.

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