The Group continued to gain revenue momentum, commencing the £5.5m, 40-month Tata/Daewoo contract on 1 April 2020. Additionally, management implemented a strict cost reduction strategy, enabling robust cash management. As a result, the Group had access to cash of £17.9m at period end, comprising of £7.8m cash and £10.1m of undrawn facility.
21 Oct 2020
Cenkos: Mercantile Ports & Logistics Ltd -- Revenue Momentum
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Cenkos: Mercantile Ports & Logistics Ltd -- Revenue Momentum
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
21 Oct 2020 -
Author:
Cavendish Research -
Pages:
5
The Group continued to gain revenue momentum, commencing the £5.5m, 40-month Tata/Daewoo contract on 1 April 2020. Additionally, management implemented a strict cost reduction strategy, enabling robust cash management. As a result, the Group had access to cash of £17.9m at period end, comprising of £7.8m cash and £10.1m of undrawn facility.