Unifi’s profit dips again in third quarter

27/04/2017
Yarn manufacturer Unifi reported net sales of $160.9 million in the third quarter of the 2016/17 financial year, a slight fall on the same period of last year.

Net income for the quarter was $9.2 million, down 5.2% year-on-year. This dip follows on from the 29% drop in income Unifi experienced in the second quarter. 

During the first nine months of the financial year, Unifi said its net sales were $476 million, a 0.8% drop year-on-year. Net income for the period was down 4.1% to $23.2 million.