Home / Knowledge / News / Textiles / Recycled yarn producer Unifi reports Q1FY17 flat sales
Recycled yarn producer Unifi reports Q1FY17 flat sales
02
Nov '16
Courtesy: Unifi
Courtesy: Unifi
US recycled yarn manufacturer Unifi's net sales in the three months ended September 25, 2016 at $160.0 million were nearly flat over the first quarter of fiscal 2016, with net sales impacted by a dip in raw material prices. Volumes rose 11 per cent, driven by strong PVA performance in Asia and Brazil, offset by weaker sales in the US domestic market.

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


Must ReadView All

Pic: UNCTAD

Textiles | On 22nd Oct 2020

Trade rebounds marginally in Q3, stays negative: UNCTAD

The United Nations Conference on Trade and Trade and Development...

Pic: Shutterstock

Apparel/Garments | On 22nd Oct 2020

APAC garment units suffer as COVID hits supply chain: ILO

The COVID-19 crisis has badly hit the garment sector in the...

Pic: Shutterstock

Textiles | On 22nd Oct 2020

RCEP pact likely to be signed at 4th RCEP Summit in Nov

The Regional Comprehensive Economic Partnership (RCEP) is likely to...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

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

Leave your Comments


October 2020

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


Advanced Search