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Zim results improve in 2012

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Thursday, March 21, 2013
   The liner carrier Zim cut its operating loss by 25.3 percent in 2012, while its earnings before interest, tax, depreciation, and amortization improved markedly.    The carrier suffered a loss before interest and taxes (EBIT) of $206 million in 2012, compared to $276 million in 2011. Zim fared even better in terms of adjusted EBIT, where it improved from a loss of $259 million in 2011 to a loss of $67 million in 2012. Much of the difference between EBIT and adjusted EBIT is due to a $...
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