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

Mercantile Ports & Logistics (LON:MPL – Get Free Report) posted its earnings results on Wednesday. The company reported GBX (0.90) earnings per share for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Trading Down 0.6%

LON:MPL opened at GBX 1.59 on Thursday. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The business’s 50-day simple moving average is GBX 1.53 and its 200-day simple moving average is GBX 1.28. Mercantile Ports & Logistics has a fifty-two week low of GBX 0.20 and a fifty-two week high of GBX 3.30. The stock has a market capitalization of £5.67 million, a PE ratio of -0.20 and a beta of 0.41.

Mercantile Ports & Logistics Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Mercantile Ports & Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercantile Ports & Logistics and related companies with MarketBeat.com's FREE daily email newsletter.