LAVAL, QC, June 29 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX VENTURE : GMT), announces its financial results for the
three-month period ended April 30, 2009.
Financial Highlights
Selected Consolidated Results (unaudited)
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(in thousands of
Canadian dollars) Q4/2009 Q4/2008 Q3/2009
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Revenue 8,351 4,802 6,818
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Gross Profit 1,083 574 891
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EBITDA(1) 217 (41) 22
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Net Profit (Net Loss) 112 (60) (36)
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Net Profit (Net Loss) basic per share 0.004 (0.002) (0.001)
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Mercator sales reached $8,351,000 in the fourth quarter of fiscal 2009, a
$3,549,000 increase from $4,802,000 for the same period last year, or a 74%
appreciation. Mercator posted a net profit of $112,000 ($0.004 per share) for
the three-month period ended April 30, 2009, compared to a net loss of $60,000
($0.002 per share) for the three-month period ended April 30, 2008.
Mercator generated an EBITDA(1) of $217,000 for the three-month period
ended April 30, 2009 compared to a loss (EBITDA(1)) of $41,000 for the
three-month period ended April 30, 2008. The significant appreciation in
EBITDA(1) is mainly attributable to the performance of Mercator Industrial
Projects Inc., a subsidiary created in January 2009.
Mercator intends to post its audited consolidated financial results for
the year within the first fifteen days of August 2009.
(1) Non-GAAP measure, as defined in our MD&A.
About Mercator
Mercator specializes in transport brokerage, international logistics and
distribution. With offices in Montreal (Canada), Las Vegas (USA) and Lyon
(France), Mercator offers value-added services in global supply chain
management, and designs tailor-made solutions. Customer intimacy and
commitment differentiates Mercator in its ability to implement customers'
requirements.
Neither TSX Venture Exchange nor its Regulatory Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00020866EF
