Revenue from transportation may fall to 30% in FY17: Snowman

0
93

For the third quarter of the fiscal Snowman Logistics

reported a weak set of earnings where its revenue fell 16.2 percent to Rs 47.6 crore year-on-year (YoY) and the company saw a net loss of Rs 2 crore as compared to a profit of Rs 5.1 crore in the same quarter last fiscal.

In an interview with CNBC-TV18, AM Sundar, CFO of Snowman Logistics share of revenue from transportation is likely to fall from 50 percent to 30 percent in FY17.