Nov '16
In the first quarter of fiscal 2017, operating income rose 30 per cent from a fiscal ago period to $12.6 million, while operating margin expanded 190 basis points to 7.9 per cent as against 6.0 per cent in the prior fiscal's same quarter.
Adjusted EBITDA amounted to $17.9 million in the quarter under review vis-à-vis $15.1 million for the first quarter of fiscal 2016.
Net income in the reporting quarter was up at $9.4 million, compared to $8.0 million for the earlier fiscal's first quarter, despite $1.7 million of lower pre-tax earnings from PAL, in which Unifi has a 34 per cent interest. (AR)
Fibre2Fashion News Desk – India
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