Unisync Corp, a Canadian provider of work wear and personal protective apparel, reported 24 per cent sales decline to $21.1 million (Canadian dollars) in its second quarter (Q2) FY21 ended on March 31, 2021, compared to sales of $27.7 million in same period of previous fiscal. The company incurred a net loss of $0.78 million (Q2 FY20: profit $0.36 million).
Unisync Corp, a Canadian provider of work wear and personal protective apparel, reported 24 per cent sales decline to $21.1 million (Canadian dollars) in its second quarter (Q2) FY21 ended on March 31, 2021, compared to sales of $27.7 million in same period of previous fiscal. The company incurred a net loss of $0.78 million (Q2 FY20: profit $0.36 million).#
Adjusted EBITDA for Q2 FY21 dropped to $0.6 million ($2.5 million). The company’s UGL segment sales were down to $16.3 million ($22.8 million), while Peerless segment sales were $5.4 million ($4.9 million).
Unisync Corp, a Canadian provider of work wear and personal protective apparel, reported 24 per cent sales decline to $21.1 million (Canadian dollars) in its second quarter (Q2) FY21 ended on March 31, 2021, compared to sales of $27.7 million in same period of previous fiscal. The company incurred a net loss of $0.78 million (Q2 FY20: profit $0.36 million).#
In its outlook, the company stated that the Covid vaccination across the US and rise in domestic travel will cause a strong increase in uniform sales to its airline accounts as well as other accounts in the transportation and hospitality sectors. The company also expects to continue to take advantage of opportunities in the PPE space with bids ongoing for large volume contracts at all levels of government.
Fibre2Fashion News Desk (JL)
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