India's Bellwether Logistic Company, Snowman Logistics, Back on the Growth Track

/ -- Quarter Highlights:
Revenue up by 19% compared to corresponding Quarter last year
EBITDA increased by 10% compared to corresponding Quarter last year
PAT increased by 774% compared to corresponding Quarter last year
Commenting on the results, Mr. Prem Kishan Gupta, Chairman, Snowman Logistics Ltd., said, "The turnaround witnessed in the performance of the Company since the 3rd Quarter of the last year continues, with the company reporting Q-o-Q growth in sales and profits for the fifth straight quarter. While continued improvement in the performance of the existing facilities is evident, the Company is also on track to expand capacities at select locations in the near future."

Speaking about the quarter performance, Mr. Sunil Nair, CEO, Snowman Logistics Ltd., said, "We are glad that we have put majority of the capacity to use and demonstrated continuous growth in revenue and profit. We were successful in creating a lot of value-add service models and are exploring the same with many clients. We will continue to work on various opportunities available to improve our performance."

About Snowman Logistics
Pallet Capacity - 1,06,964; No. Warehouses across the country - 33; No. of reefer vehicles 297