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

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Mercantile Ports & Logistics Ltd -- Revenue Momentum
Mercantile Ports & Logistics Limited (MPL:LON) | 6.2 0 0.0% | Mkt Cap: 2.59m
- Published:
21 Oct 2020 -
Author:
Oliver Holmes -
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.