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

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

Mercantile Ports & Logistics Stock Performance

Shares of LON MPL opened at GBX 1.62 on Wednesday. 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 firm has a market cap of £5.77 million, a price-to-earnings ratio of -0.20 and a beta of 0.41. The stock’s fifty day moving average price is GBX 1.52 and its two-hundred day moving average price is GBX 1.27. Mercantile Ports & Logistics has a one year low of GBX 0.20 and a one year high of GBX 3.30.

About Mercantile Ports & Logistics

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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.

Further Reading

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