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

Apparel/Garments | On 28th Sep 2016

CMAI inks MoU with Chinese textile trade body CCCT

Indian apex clothing association, the Clothing Manufacturers...

Textiles | On 28th Sep 2016

India sees largest gain on WEF’s Competitiveness Index

India has shown the largest gain made by any country on the World...

Textiles | On 28th Sep 2016

Oerlikon to show new yarns and fibres at ITMA+CITME expo

The Oerlikon Manmade Fibers segment, the world market leader for...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

<font color="#545454" face="arial, sans-serif" size="2">The company is...

Amardeep Singh
Orient Craft

Vasanth Kumar
Max Fashion India

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search