US producer and processor of multi-filament polyester and nylon textured yarns Unifi, Inc. reduced its losses in the second quarter ending December 25, 2005.

Net income for the current quarter, including discontinued operations, was a net loss of $3.8 million compared with a net loss of $7.7 million for the prior December quarter. Net income for the first half, including discontinued operations, was a net loss of $6.9 million compared with a net loss of $30.3 million in the first half of 2004.

Net sales from continuing operations for the December quarter fell 7.7% to $192.3 million compared with $208.4 million a year earlier. Net sales for the first half were $377.7 million, a decrease of $10.3 million year-on-year.

"While the damages caused by the hurricanes continued to affect raw materials and energy prices throughout the entire quarter, we were very pleased with our results for the quarter and the way that our operations handled the situation," said Bill Lowe, chief operating officer and chief financial officer.