Mercantile Ports and Logistics has released H1/22 in line with our expectations, which reflect a substantial move forward in ramping up operations with over 1mt handled through the Karanja port over the past 12-month period. The company also reports positive progress on its strategic move into container handling. Mercantile remains comfortable with market expectations for the full year, and we maintain our forecasts and our BUY rating.
30 Sep 2022
Cenkos:: Mercantile Ports & Logistics Ltd -- H1 results – operational ramp up continues
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Cenkos:: Mercantile Ports & Logistics Ltd -- H1 results – operational ramp up continues
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
30 Sep 2022 -
Author:
Edward Stacey -
Pages:
6
Mercantile Ports and Logistics has released H1/22 in line with our expectations, which reflect a substantial move forward in ramping up operations with over 1mt handled through the Karanja port over the past 12-month period. The company also reports positive progress on its strategic move into container handling. Mercantile remains comfortable with market expectations for the full year, and we maintain our forecasts and our BUY rating.