Unifi Inc., unveiled its financial results 2016

USA: Unifi Inc., has unveiled its financial results for the second quarter ended December 25, 2016. The company’s net sales stood at US $ 155.2 million compared to US $ 156.3 million in the corresponding period last year. In the mentioned period, the company’s net income totalled US $ 4.6 million. Its gross profit amounted to US $ 22.1 million whereas it was US $ 21.8 million last year. Also, the company generated operating income of US $ 9.0 million, up by 4 per cent as against last year’s US $ 8.6 million.

Unifi also posted its financial result for the first half of FY ’17 ended December 25, 2016. In this period, net sales generated were US $ 315.1 million compared to US $ 318.5 million prior year. Net income of the company amounted to US $ 14.0 million as against US $ 14.5 million in the comparable period previous year. Gross profit in the reporting period stood at US $ 45.6 million as against prior year’s gross profit of US $ 42.7 million. Unifi’s operating income surged 18 per cent year-over-year to US $ 21.6 million linked to prior year’s operating income of US $ 18.3 million.