Kenon Holdings Reports Q1 2023 Results and Additional Updates
Set forth below is a discussion of significant changes in cost of sales between Q1 2023 and Q1 2022.
- Set forth below is a discussion of significant changes in cost of sales between Q1 2023 and Q1 2022.
- Finance expenses, net in Q1 2023 was $5 million, which is largely in line with Q1 2022 of $6 million.
- The average freight rate in Q1 2023 was $1,390 per TEU, as compared to $3,848 per TEU in Q1 2022.
- ZIM's Adjusted EBITDA6 in Q1 2023 was $373 million, as compared to $2.5 billion in Q1 2022.