Snowman Logistics Swings to Loss in Fiscal Q2; Shares Down 5%
MT Newswires Live
Nov 04
Snowman Logistics (NSE:SNOWMAN, BOM:538635) swung to a loss of 29.1 million Indian rupees in the fiscal second quarter ended Sept. 30, compared with a profit of 6.15 million rupees a year ago.
Loss per share came in at 0.17 rupees from earnings per share of 0.03 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the logistics company.
Revenue from operations in fiscal Q2 increased to 1.56 billion rupees from 1.43 billion rupees a year ago.
The company's shares were down nearly 5% in recent trade.
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