ZIM Integrated Shipping Services Ltd. was modest in its earning statement, calling a second-quarter 394% net profit rocket simply “significant improvement.”
This week ZIM reported second-quarter net profit of $25.3 million compared to $5.1 million in the same period last year.
ZIM President and CEO Eli Glickman used the same exact words, “significant improvement,” in May, when he reported the Israeli shipping line had whittled its first-quarter net loss year-over-year from $24.3 million to $11.9...