LAVAL, Que. — Mercator Transport Group reported its second quarter results last week, which showed a healthy 66% increase in revenue.
However a surging Canadian dollar helped produce a net operating loss of $74,000 during the quarter.
For the three-month period ending Oct. 31, the Quebec-based freight forwarder and international logistics specialist recorded revenue of more than $4 million. The company achieved a gross profit margin of 10.2% compared to 11.8% the same period last year. The company said this was due to an increase in import activities, which generally have a lower gross profit margin than export activities.
Revenue was up 7.7% compared to the previous three-month period.
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