Snowman Logistics Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 18, 2021 at 03:53 am EST
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Snowman Logistics Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 611.328 million compared to INR 594.606 million a year ago. Operating income was INR 14.225 million compared to operating loss of INR 32.832 million a year ago. Net income was INR 14.225 million compared to net loss of INR 34.48 million a year ago. Basic earnings per share from continuing operations was INR 0.09 compared to basic loss per share from continuing operations of INR 0.21 a year ago. For the nine months, total revenue was INR 1,754.68 million compared to INR 1,818.084 million a year ago. Operating income was INR 9.332 million compared to operating loss of INR 49.744 million a year ago. Net income was INR 4.784 million compared to net loss of INR 138.395 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to basic loss per share from continuing operations of INR 0.83 a year ago.
Snowman Logistics Limited is an India-based integrated temperature-controlled logistics service provider. The Company is specialized in providing warehousing, distribution and other value-added services across the country. It is engaged in the business of providing integrated cold chain solutions to users in India. Its temperature-controlled warehousing facilities is located in Mumbai, Chennai and Bengaluru. It has four segments: Warehousing services, Transportation services and Consignment agency services and others, and Trading and distribution. Warehousing services segment is engaged in temperature-controlled warehousing service operating across locations servicing customers on a pan-India basis. Transportation services segment is engaged in facilitating inter-city transport of products and includes door to door service that is last mile distribution. Consignment agency services and others segment is involved in retail distribution through a consignment agency model for customers.
SNOWMAN LOGISTICS LIMITED 
