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Pine Labs revenue soars 55 pc in FY18 as the company slumps into loss after reporting profits

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30.10.2018

Digital retail payments provider Pine Labs swings to loss of Rs 2.51 crore in FY18 after reporting a profit of Rs 3.80 crore last fiscal.

Point of sale and digital retail payments provider Pine Labs reported an increase in its standalone revenues by 55 percent to Rs 302 crore in FY18, as compared to Rs 195.1 crore in FY17.

However, the company slumped into a loss of Rs 2.51 crores in FY18, after registering profit of Rs 3.80 crore in FY17.

A major reason could be the increase in the employee benefits........

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