03:54 PM EST - Mercator Transport Group Corporation : announced its financial results for the financial year ended April 30. Mercator Transport's revenue increased for a fourth consecutive year, reaching $32,536,000, a 15.4% increase compared to the previous financial year. Mercator Transport incurred $306,000 losses during the year stemming from the startup of new activities in Africa and France, including $150,000 recorded as non-recurring startup fees as well as operating losses of the first months of operation. Losses related to the start-up of new activities contributed to the decrease in net earnings, which stand at $96,000 ($0.003 per share) in 2009-2010, compared to $224,000 ($0.008 per share) reported for the previous financial year. Mercator Transport Group Corporation
shares V.GMT are trading even at $0.25.
