Snapdeal posts Rs 4,647 crore net loss in 2016-17

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Snapdeal saw its losses mounting to Rs 4,647 crore for the fiscal ending March 2017, impacted by a provision for “impairment of goodwill” of Rs 1,797 crore.

“Key highlights in this regard are the reduction in fulfilment cost by more than 20 percent (as a percentage of operating revenue) and reduction in operational losses by nearly 25 per cent (excluding non-recurring cost on account of impairment of assets)”.

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