Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 0.0
GMT On Other Exchanges
Symbol
Exchange
Venture
As of 10:30 AM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

mercator transport group cor (GMT) Snapshot

Open
C$0.02
Previous Close
C$0.02
Day High
C$0.02
Day Low
C$0.02
52 Week High
11/11/13 - C$0.05
52 Week Low
09/16/13 - C$0.0050
Market Cap
562.7K
Average Volume 10 Days
30.4K
EPS TTM
C$-0.10
Shares Outstanding
37.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MERCATOR TRANSPORT GROUP COR (GMT)

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mercator transport group cor (GMT) Details

Mercator Transport Group Corporation provides air, ocean, and ground transport brokerage, as well as international logistics and distribution services in Canada and internationally. The company offers value-added services in global supply chain management, including transportation, documentation, international regulations, banking, and customs transactions; provides air, ocean, and transborder freight forwarding, as well as designs tailored logistics solutions; and guides and organizes the flow of client’s goods and services. Mercator Transport Group Corporation is headquartered in Montreal, Canada.

mercator transport group cor (GMT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$145.0K
Chief Opeating Officer, Vice President, Direc...
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2013.

mercator transport group cor (GMT) Key Developments

Mercator Transport Group Corporation Announces Financial Results for the Third Quarter Ended January 31, 2014

Mercator Transport Group Corporation announced its financial results for the third quarter ended January 31, 2014. For the period, the company reported net revenues of CAD 2,921,000, LBITDA of CAD 594,000, loss from continuing operations of CAD 1,346,000 or CAD 0.036 per basic and diluted share and net loss attributable to owners of the company of CAD 1,230,000 or CAD 0.036 per basic and diluted share compared to net revenues of CAD 6,828,000, LBITDA of CAD 672,000, loss from continuing operations of CAD 1,024,000 or CAD 0.028 per basic and diluted share and net loss attributable to owners of the company of CAD 1,021,000 or CAD 0.027 per basic and diluted share a year ago. Net revenues are due to reduced sales in France and Canada, factor partially offset by increased revenues in Argentina. The decrease in revenue is the result of funding constraints of the Company. The improvement in EBITDA loss is attributable to reduced selling and administrative expenses. Net loss from continuing operations increased due to increased financing costs partially offset by the improved EBITDA loss.

André Brosseau Resigns as Director and Chairman of Mercator Transport Group Corporation

Mercator Transport Group Corporation announced that Mr. André Brosseau has resigned as Director and Chairman of the board of directors for personal reasons. Mr. Brosseau will however remain as observer of board meetings, which will allow the corporation to continue to benefit from Mr. Brosseau's business and financial experience.

Mercator Transport Group Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended October 31, 2013

Mercator Transport Group Corporation announced unaudited consolidated earnings results for the second quarter ended October 31, 2013. For the quarter ended October 31, 2013, the company's net revenues totaled CAD 5.1 million, a decrease of CAD 1.3 million or 19% compared to CAD 7.25 million for the same period last year due to reduced sales in France and Canada, factor partially offset by increased revenues in Argentina. The decrease in revenue is the result of funding constraints of the company, constraints it currently seeks to solve in order to return to growth mode and profitability. The company generated an EBITDA of CAD 149,000 for the quarter ended October 31, 2013, compared to an EBITDA loss of CAD 475,000 for the corresponding period of the previous year. The improvement is attributable to a 36% reduction in selling and administrative expenses as well as to improved gross margins, factors partially offset by lower sales. A net loss from continuing operations of CAD 179,000, or CAD 0.005 per basic and diluted share, was recorded in the second quarter of 2013-2014, compared to a net loss of CAD 818,000, or CAD 0.022 per basic and diluted share, for the corresponding quarter of the previous year due to the improved EBITDA. The results for the second quarter of 2013-2014 were significantly higher than last year despite a revenue decline. Net loss attributable to the corporation was CAD 156,000 or CAD 0.044 basic and diluted per share against CAD 1.64 million or CAD 0.005 basic and diluted per share a year ago.

 

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