Home / Knowledge / News / Textiles / Q4 operating income up $2mn at recycled yarn maker Unifi
Q4 operating income up $2mn at recycled yarn maker Unifi
30
Jul '16
Courtesy: Unifi
Courtesy: Unifi
Operating income for the fourth fiscal quarter ended June 26, 2016 at US based recycled yarn producer rose by $2.0 million compared to the prior fiscal's fourth quarter.

However, net income in the reporting quarter declined $5.4 million from a fiscal ago period, primarily due to lower earnings from Parkdale America, and a higher effective rate.

But again, the synthetic recycled yarn supplier's gross margin climbed to 16.8 per cent in the three months ended June 26, 2016 period vis-à-vis 14.5 per cent in the earlier fiscal's same quarter.

Net sales stood at $163.9 million in the quarter under review as against net sales of $175.0 million for the fourth quarter of fiscal 2015-16.

According to Unifi, net sales were unfavourably impacted primarily by devaluation of the Brazilian Real and lower selling prices due to lower raw material prices.

Adjusted EBITDA totaled $21.1 million for the fourth quarter of fiscal 2016-17, compared to $19.2 million for the fourth quarter of pervious fiscal. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search