Mercantile Ports & Logistics (LON:MPL) Issues Earnings Results

Mercantile Ports & Logistics (LON:MPL) released its earnings results on Tuesday. The company reported GBX (0.08) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of GBX 140 million during the quarter.

Mercantile Ports & Logistics Stock Down 17.2%

MPL stock traded down GBX 0.33 during trading on Tuesday, reaching GBX 1.57. The stock had a trading volume of 33,039,586 shares, compared to its average volume of 11,195,483. Mercantile Ports & Logistics has a 1-year low of GBX 0.20 and a 1-year high of GBX 3.30. The firm has a fifty day moving average price of GBX 1.28 and a 200 day moving average price of GBX 0.77. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The company has a market capitalization of £5.60 million, a P/E ratio of -0.19 and a beta of 0.41.

Mercantile Ports & Logistics Company Profile

The company is currently implementing its maiden project of developing a modern port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. The facility will be developed over 200 acres of land with a sea frontage of appx 1,000 meters.
The terminal will be designed to handle vessels of up to 4000 DWT having a draft of up to 5 meters, with the potential to handle vessels up to 10 meter draft at a later stage.

Logistics Facility

Karanja Terminal will also house an ultra-modern logistics complex spread over approximately 100 acres of land.