ZIM posts net profit of $12.5 million in Q2 2017

ZIM reported an adjusted EBITDA of $70.1 million in Q2 2017 compared to negative $15.9 million in Q2 2016, with an adjusted EBITDA margin of 9.4%. The carried quantities increased by 6.7% to 659 thousand TEUs in Q2 2017, compared to 617 thousand TEUs in the same period of 2016, the company said in its press release.
 
Financial and Operating Highlights for the Three Months Ended June 30, 2017
 
 Adjusted net profit was $12.5 million, compared to adjusted net loss of $64.0 million in Q2 2016
 Net profit was $2.3 million, compared to net loss of $74.1 million in Q2 2016
 Total revenues were $745.7 million, compared to $611.9 million in Q2 2016, a 21.9% increase
 Operating cash flow was $88.9 million, compared to $17.6 million in Q2 2016
 Adjusted EBITDA was $70.1 million compared to negative $15.9 million in Q2 2016
 EBITDA was $62.8 million compared to negative $22.1 million in Q2 2016
 Adjusted EBIT was $43.7 million, compared to negative $40.5 million in Q2 2016
 EBIT was $36.4 million, compared to negative $47.8 million in Q2 2016
 ZIM carried 659 thousand TEUs, compared to 617 thousand TEUs in Q2 2016, a 6.7% increase
 The average freight rate per TEU was $1,007, compared to $866 in Q2 2016, a 16.3 % increase
 
Financial and Operating Highlights for the Six Months Ended June 30, 2017
 
 Adjusted net profit was $15.1 million, compared to adjusted net loss of $110.8 million in H1 2016
 Net loss was $4.1 million, compared to net loss of $130.4 million in H1 2016
 Total revenues were $1,400.7 million, compared to $1,241.9 million in H1 2016, a 12.8% increase
 Operating cash flow was $122.7 million, compared to $3.0 million in H1 2016
 Adjusted EBITDA was $127.5 million compared to negative $7.7 million in H1 2016
 EBITDA was $114.1 million, compared to negative $20.6 million in H1 2016
 Adjusted EBIT was $74.4 million compared to negative $56.9 million in H1 2016
 EBIT was $61.0 million, compared negative to $70.9 million in H1 2016
 ZIM carried 1,257 thousand TEUs, compared to 1,194 thousand TEUs in H1 2016, a 5.2% increase
 The average freight rate per TEU was $981, compared to $903 in H1 2016, a 8.6 % increase