Mercantile Ports and Logistics (GB:MPL) has released an update.
Mercantile Ports & Logistics Limited has reported a revenue of £5.5 million and a statutory loss before tax of £21.26 million for the year ended 31 December 2023, while achieving EBITDA positive status. The company’s strategic developments include signing significant new contracts, such as a 10-year deal with a major regional coal trader and a contract with a top Indian cement company, indicating confidence in the future growth and diversification of its port and logistics facility in Navi Mumbai. Additionally, MPL is actively working on refinancing their debt to better align with the projected long-term cash flow generation from their infrastructure projects.
For further insights into GB:MPL stock, check out TipRanks’ Stock Analysis page.
