The continued build out of the port enabled commercial operations to commence and maiden revenue to be generated. The Group's access to cash at year end was strong (£27.6m) and with management acting decisively in response to COVID-19, remained robust post period end (£16.8m). This combined with winning the Tata/Daewoo contract positions the Group well to expand its contracted customer base, convert pipeline customers and increase utilisation rates.
28 Sep 2020
Cenkos: Mercantile Ports & Logistics Ltd -- Maiden Revenue
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Cenkos: Mercantile Ports & Logistics Ltd -- Maiden Revenue
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
28 Sep 2020 -
Author:
Cavendish Research -
Pages:
6
The continued build out of the port enabled commercial operations to commence and maiden revenue to be generated. The Group's access to cash at year end was strong (£27.6m) and with management acting decisively in response to COVID-19, remained robust post period end (£16.8m). This combined with winning the Tata/Daewoo contract positions the Group well to expand its contracted customer base, convert pipeline customers and increase utilisation rates.