Mercantile Ports and Logistics (GB:MPL) has released an update.
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Mercantile Ports & Logistics Ltd reported a decrease in revenue to £1.05 million and an increased loss before tax of £6.02 million for the first half of 2024, compared to the previous year. Despite operational challenges, such as unexpected government processes and election-related delays in Maharashtra affecting contract commencements, the company remains optimistic due to a strong pipeline and improved trading levels post-period. The company also secured a £15 million unsecured loan and credit facility, displaying confidence in their working capital and future performance.
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