Revenue gains mark Mercator’s second quarter
LAVAL, Que. — Mercator Transport Group has improved second quarter revenues over the previous year by more than 60 percent.
For the three-month period ended Oct. 31, revenues increased by $1,593,000 or 66%, to $4,007,000 during the second quarter, compared to $2,414,000 for the same period in 2006.
Mercator’s revenue increased by about $280,000 over its first quarter in 2007, despite profit margins declining slightly. The decrease in the gross profit margin is mainly the result of increased revenues related to import activities, which in general, have lower gross profit margin than export activities.
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