Mercantile Ports & Logistics Limited provided earnings forecast for the year 2022. Following a strong final quarter of trading, the Company expects to meet revenue forecasts for Fiscal Year 2022. This year, MPL's facility at Karanja has handled approximately 1.2m tonnes of various bulk commodities and the Company sees strong momentum going into the next financial year.

The Company has all the requisite infrastructure and permissions in place to handle container movement and it expects to commence handling of containers in 2023, which will be an additional revenue stream for the Company.