The successful fund raise of £30m in Dec-18 allowed Mercantile Ports to progress the build out of the port making it operationally ready. Mercantile is now revenue generating and has further progressed pipeline contracts with at least two new customers planning to utilise the port in H2/19E. Post period-end a further contract was secured with Tata Projects Limited and Daewoo Engineering worth £5.5m.
30 Sep 2019
Cenkos: Mercantile Ports & Logistics Ltd - Material Progression
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Cenkos: Mercantile Ports & Logistics Ltd - Material Progression
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
30 Sep 2019 -
Author:
Cavendish Research -
Pages:
9
The successful fund raise of £30m in Dec-18 allowed Mercantile Ports to progress the build out of the port making it operationally ready. Mercantile is now revenue generating and has further progressed pipeline contracts with at least two new customers planning to utilise the port in H2/19E. Post period-end a further contract was secured with Tata Projects Limited and Daewoo Engineering worth £5.5m.