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Mercator posts net profit of US$10m for 1Q10

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Mercator Lines (Singapore), the dry bulk shipper which focuses on India and China, has announced a net profit of US$10.02 million ($14.46 million) for the first quarter ended June 30, 2009 (1QFY2010). This represents a decline of about 57% compared to US$23.24 million for the corresponding period in FY09.

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