Producer and processor of multi-filament polyester and nylon textured yarns Unifi, Inc. has reported that net income for fourth quarter ended June 26, 2005 including discontinued operations, showed a net loss of $9.0 million compared with a net loss of $6.0 million for the prior year June quarter. The company also reported a net loss of $41.2 million for the 2005 fiscal year, which nevertheless represents an improvement over a net loss of $69.8 million for the 2004 fiscal year.

Net sales for the June quarter, which include sales from the North Carolina based Invista polyester manufacturing assets acquired in September 2004, were $203.2 million, an increase of $28.4 million or 16.2% compared with $174.8 million for the prior year June quarter. Net sales of $799.4 million for the 2005 fiscal year represent an increase of $131.6 million, or 19.7%, over the 2004 fiscal year.

"We are entering our 2006 fiscal year with one of the strongest balance sheets and business models in years, which will allow us to stay focused on executing our domestic and global growth strategies," said Bill Lowe, chief operating officer and CFO for Unifi.

Unifi brands include Sorbtek, A.M.Y., Mynx UV, Reflexx, MicroVista and Satura.