Home / Knowledge / News / Textiles / Slight fall in Q2FY17 sales at recycled yarn supplier Unifi
Slight fall in Q2FY17 sales at recycled yarn supplier Unifi
Jan '17
For the three months ended December 25, 2016, net sales at recycled yarn supplier Unifi Inc, fell marginally to $155.2 million as against $156.3 million in the fiscal ago quarter. Foreign currency translation in the reporting quarter drove up net sales by $2.0 million, while strong PVA performance in Asia and Brazil mostly offset weaker sales in the US.

In the second quarter of fiscal 2017, operating income expanded 4 per cent to $9.0 million vis-à-vis $8.6 million in the fiscal ago quarter.

Earnings per share (EPS) slipped 30.55 per cent year on year to $0.25, while adjusted EPS was $0.34 as compared to $0.38 in the prior fiscal’s same period.

During the reporting quarter, Unifi divested its 60 per cent stake in Repreve Renewables, which resulted in a loss of $1.7 million, but reduced consolidated net debt by $4.0 million. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Moments of EPA signing in Tokyo. Courtesy: Twitter handle of Jean-Claude Juncker

Textiles | On 18th Jul 2018

EU and Japan sign Economic Partnership Agreement

European Union and Japan have signed an Economic Partnership...

Courtesy: Tego

Apparel/Garments | On 18th Jul 2018

Tego plans to expand product range in 2018-19

Tego, a company that creates premium athletic gear for modern...

Courtesy: OrganoClick

Textiles | On 18th Jul 2018

OrganoClick's OrganoTex finish is biodegradable

OrganoClick AB, developer and producer of environment-friendly fibre...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urs Stalder
Sanitized AG

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search