Snowman Logistics Shares Slump On Q1 Profit Drop

Snowman Logistics shares fell as much as 8 per cent on Friday after the cold supply chain company reported 67 per cent drop in its June quarter profit.  Navi Mumbai-based Snowman Logistics reported a net profit of Rs 1.8 crore in Q1 compared to a profit of Rs 5.46 crore in the corresponding quarter of last fiscal. Its sales declined 16 per cent to Rs 50 crore as against Rs 59 crore last year.  During the June quarter, Snowman Logis...