Feb 09, 2017 07:49 AM IST | Source: CNBC-TV18

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

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.

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.

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