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SNOWMAN — Snowman Logistics News Story

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India's Snowman Logistics jumps after rise in quarterly profit

BUZZ-India's Snowman Logistics jumps after rise in quarterly profit

** Shares of Snowman Logistics SNOW.NS jump 6.8% to 42.10 rupees after rise in quarterly profit

** Temperature-controlled logistics solutions provider's June quarter profit rose 78.8% Y/Y to 45.5 mln rupees ($478,116.95), revenue up 9.2% Y/Y

** EBITDA increased 16.8% Y/Y, while EBITDA Margin expanded to 16.4% from 15.3% year ago

** Stock set to gain for sixth straight session

** Trading vols over 13x the 30-day average at 2.3 mln shares so far

** YTD, SNOW up ~5%


($1 = 95.1650 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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